AMWatch

ATP wants to increase risk: Status quo is not an option, says CEO

"If we don't act now, we will end up with smaller pensions," ATP's CEO Bo Foged told reporters Monday when he presented two changes to the way the Danish pension giant wants to invest going forward. The changes need approval from the Danish Parliament.

ATP's CEO Bo Foged. | Photo: PR/ATP

Over the years, Denmark's state-owned labor market pension fund ATP has won prizes for being one of the world's top pension funds.

Going forward, negative real interest rates and increasing life expectancy is expected to make it still more difficult for ATP to honor its guarantees.

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