New ATP CEO must work hard to keep pace with inflation: "We will need bigger returns to keep up"

The increase in ATP’s pensions last year, which the labor market fund called ”historic,” have been overtaken by inflation. Now, new CEO Martin Præstegaard must work to secure higher returns and make his mark at a time where ATP’s influence on pensioners’ ecomonies is dwindling.

New ATP CEO Martin Præstegaard | Photo: Gregers Tycho/ERH

In November last year, ATP had good news for pensioners: the pensions of its 4.5 million members were being increased by DKK 30bn (EUR 4bn), equating to a 4% increase in pensions paid out. ATP called the move ”historic.”

However, inflation, which may not be historic but is certainly significant, has thrown a spanner in the works. According to the latest figures from Statistics Denmark, there was 8.2% inflation in the country in May.

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