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About the Council

The Council consists of three independent experts appointed for three-year terms. Established in 2018. The Council is serviced by Insurance & Pension Denmark and Finance Denmark.

When pension companies and financial institutions calculate pension projections and return expectations for their customers, they use the assumptions set by the Council for Return Expectations.

The Council for Return Expectations determines calculation assumptions for expected returns and the risk associated with various investment assets.

These assumptions are updated twice a year.

The Council for Return Expectations is an independent and expert body established by Insurance & Pension Denmark and Finance Denmark. The Council consists of three independent experts appointed for three-year terms. It was established in 2018.

Return Expectations

Find return expectations, notes and documentation on the Danish webpage.

Council Members

Jesper Rangvid

Chairman

Jesper Rangvid

Professor at CBS and Head of the Pension Research Center (PeRCent). Chaired the committee that analyzed the causes of the financial crisis and authored the “Rangvid Report.”

Profilbillede af Torben M Andersen

Member

Torben M. Andersen

Professor at Aarhus University, Chairman of the Board of ATP, and former Chief Economic Adviser to the Danish government.

Profilbillede af Allan Polack

Member

Allan Polack

Professional board member, former Group CEO of PFA and Managing Director of Nordea Asset Management.

Contributors

The Council sets return assumptions for 10 asset classes for the short term (years 1–5) and medium term (years 6–10) based on input from expert sources. Contributions come from the following financial institutions.

Additional quality assurance contribution from Robeco.

 Please note: Input from expert sources is confidential. The Council cannot answer questions or engage in dialogue regarding individual contributions.