Pensiondanmark shifts focus to costs as lower expected returns loom
For 10 years, Pensiondanmark's members have enjoyed strong returns. But this will probably not last, and lower costs will therefore be needed to maintain the value of pension savings. Although the fund's administration costs are at the low end within the industry, CEO Torben Möger Pedersen wants to reduce them even further.
When Torben Möger Pedersen considers the next few years, he, like many of his colleagues, predicts lower investment returns.
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