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Variability in pension products: a comparison study between The Netherlands and Denmark

Published online by Cambridge University Press:  14 May 2020

Anne G. Balter
Tilburg University and Netspar
Malene Kallestrup-Lamb*
Aarhus University and PeRCent
Jesper Rangvid
Copenhagen Business School and PeRCent
*Corresponding author. Email:


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.

© Institute and Faculty of Actuaries 2020

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