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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