The financial assets behind pensions grow
The financial assets managed by Danish insurance companies and pension funds reached kr. 4,182 billion at the end of the 3rd quarter of 2018. It corresponds to approximately two times Denmark's gross domestic product, GDP, and more than a doubling over the past ten years. The increase is among other things due to the Danish pension system still being in the build-up phase, i.e. pension contribu-tions exceed pay-outs. In addition there have been large returns in recent years.