Pension challenger hits brick wall when consolidating dormant pensions

Grandhood CEO Jon Lieberkind calls it "daylight robbery" that a number of pension companies will not let clients consolidate their pension savings elsewhere. Several occupational pension companies reject the criticism.

Jon Lieberkind og Mathias Bredkjær, founders of Grandhood | Photo: PR/Grandhood

Grandhood, a company that aims to challenge the existing pension industry, experiences frequent rejection when their clients want to consolidate their pension savings at their firm, Danish financial daily Børsen reports.

"It is a total scam, daylight robbery," says John Lieberkind, founder and CEO of Grandhood, to the paper.

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