Falling Danish Interest Rates Are A Concern But Don’t Panic
08 June 2012 (PLANSPONSOREurope.com) - Denmark’s AP Pension has reassured its members that they should not be too concerned about falling interest rates due to a successful interest rate hedge.
CEO Søren Dal Thomsen conceded that falling interest rates were of concerns but members should not panic as AP Pension has hedged against falling interest rates
"Interest rate decrease is calling the biggest headlines in the newspapers and the situation is also serious because interest rates have never been this far down. But I want to send the reassuring message to our customers that we've got the money.
"Our reserves are intact, because with interest rate hedging has just assured us from the situation that has arisen. Customers need not fear that falling interest rates hit their retirement savings. "