World’s Best-Funded Pension Market Has a $650 Billion Warning
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Danish regulator warns of new fundamental risk after reforms
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FSA in Copenhagen has called for talks to address the issue
No country on the planet is better prepared to pay for its aging population than Denmark. But a nation whose pension industry has been ahead of the curve for decades is now bracing for a fundamental shift that most people probably aren’t prepared for, according to the financial regulator.
Jesper Berg, the director general of the Financial Supervisory Authority in Denmark, wants to warn policy makers of the backlash he says they may face once households understand the risks they run. More specifically, Berg says people haven’t grasped that they will lose money if their banks or the investments their funds make fail…
World’s Best-Funded Pension Market Has a $650 Billion Warning