AMWatch

Danes seen living even longer after ATP updates lifespan model

People in Denmark are now expected to live considerably longer than previously projected, according to new figures resulting from ATP's updated life expectancy model. To take account of this, ATP is transferring DKK 20 billion from its free reserves, or bonus potential, to the pension-hedging portfolio.

Photo: PR.

A newborn baby boy in Denmark is now expected to live 3.7 years longer than previously anticipated, whereas a newborn baby girl is expected to live nearly two years longer.

This is the conclusion drawn by Danish pension fund ATP after updating its life expectancy model. The giant fund is being compelled, as a result, to transfer no less than DKK 20 billion (EUR 2.7 billion) from the bonus potential to the hedging portfolio which pays out lifelong pensions -- in an action which the company says keeps its guarantee behind the ATP LifeLong Pension intact, according to a company announcement.

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