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AP CEO after avalanche of improvement orders: We took risks we didn't want to take

It was a management mistake not to employ more resources, and AP Pension will not make that mistake again. This is what the pension company's CEO Bo Normann Rasmussen had to say about the 35 improvement orders issued to AP Pension after an inspection by the Danish Financial Supervisory Authority.

Bo Normann Rasmussen, CEO of AP Pension. | Photo: PR/AP Pension

As the Danish Financial Supervisory Authority started to inspect AP Pension's offices on Østbanegade, CEO Bo Normann Rasmussen knew that not everything was as it should be. But he hadn't imagined that this would lead to 35 improvement orders and 4 particulars of risk.

"We knew that there were some areas. But we are disappointed over the extent of the improvement orders, as we hadn't seen that coming," says Rasmussen to FinansWatch in the wake of the report from the authority, which was released on Friday.

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