Variability in Pension Products: A Comparison Study Between the Netherlands and Denmark

Anne G. Balter; Malene Kallestrup-Lamb; Jesper Rangvid

doi:10.1017/S1748499520000056

Variability in Pension Products: A Comparison Study Between the Netherlands and Denmark

Anne G. Balter, Malene Kallestrup-Lamb^*, Jesper Rangvid

^*Corresponding author for this work

Department of Finance

Research output: Contribution to journal › Journal article › Research › peer-review

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Abstract

The Danish and the Dutch pension systems are often referred to as "among the best in the world". We compare pension systems and pension products in Denmark and The Netherlands. We focus on the shifts that have taken place in both countries, from pension products with relatively low levels of risk for the participant to pension products with more risk but also higher expected return. We end by drawing lessons that are relevant for discussions in many countries.

Original language	English
Journal	Annals of Actuarial Science
Volume	14
Issue number	2
Pages (from-to)	338-357
Number of pages	20
ISSN	1748-4995
DOIs	https://doi.org/10.1017/S1748499520000056
Publication status	Published - Sept 2020

Bibliographical note

Published online: 14. May 2020

Keywords

Guarantees
Non-guarantees
Variable annuities

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abstract = "The Danish and the Dutch pension systems are often referred to as {"}among the best in the world{"}. We compare pension systems and pension products in Denmark and The Netherlands. We focus on the shifts that have taken place in both countries, from pension products with relatively low levels of risk for the participant to pension products with more risk but also higher expected return. We end by drawing lessons that are relevant for discussions in many countries.",

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