Danica pension savers hit hardest by economic storm

The two largest commercial pension companies in Denmark have different predictions for the future: Danica is optimistic, while PFA says the worst is yet to come.

Poul Kobberup, CIO, Danica Pension | Photo: PR/Danica

So far, the worst storm on the financial markets in decades has hit Danske Bank’s pension arm Danica the hardest of all commercial pension firms in Denmark.

A comparison conducted by Danish business media Finans found that Danica clients with a medium risk and 20 years to retirement have lost 14.3% of their pension in six months.

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