By Rachel Fixsen2021-04-15T15:50:00+01:00
The chair of Denmark’s statutory pensions giant ATP has weighed into a debate on the future of the DKK960bn (€129bn) pension fund, arguing that the reform of its governing legislation now before parliament strikes the balance needed to keep the scheme functional and attractive.
Torben Andersen, chair of ATP’s supervisory board, said in a commentary: “In the eyes of some, it may seem a somewhat boring and conservative scheme – but it has to be so, precisely because ATP is a fundamental and necessary part of the Danish welfare model.”
But he admitted, in the self-penned article published on Danish-language news service FinansWatch on Monday, that a lot had changed over the years, with falling interest rates being one of the biggest challenges for ATP now – one which the reform sought to solve.