DR ROS ALTMANN, DIRECTOR-GENERAL OF SAGA COMMENTS ON DENMARK EASING RULES FOR PENSION FIRMS

"I am delighted to see that both Sweden and now Denmark have decided to ease rules for discount rates that must be used for pension funds and insurance businesses. This is a pragmatic and sensible move which finally recognises that long term risk-free bond yields are at unusually low levels due to exceptional factors which are driven by short-term economic issues. These short-term influences should not interfere with the running of very long-term liabilities.

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