Danish FSA wants to raise cap on pension funds' guarantees
The maximum permissible interest rate allowed for Danish pension funds to offer their average interest rate customers must be raised. The Danish FSA has put out a draft for consultation.
by thomas nygaard madsen, translated by katrine gøthler
Danish Financial Supervisory Authority has suggested that pension funds should, effective July 1, 2023, be allowed to offer average interest rate customers a base rate of 1% as opposed to today’s rate of -0,5%. This is evident in the FSA’s new draft of ordinance now submitted for hearing.
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