Denmark's pension market sounds alarm as liabilities swell

Back in 2012, the world’s best-managed pension market was thrown a lifeline by the Danish government to help contain liabilities. That was when interest rates were still positive.
Photo: PR/EIOPA
Photo: PR/EIOPA
BY FRANCES SCHWARTZKOPFF / BLOOMBERG

Seven years later, with rates now well below zero, even Denmark’s USD 440 billion pension system says the environment has become so punishing that it may be time for a change in European rules.

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