Innovation of the year - SEB Pension

In a year that has witnessed variable annuity providers massively scale back the level and increase the cost of the benefits they offer, Denmark’s SEB Pension has constructed a product that bucks the trend, raising the level and reducing the volatility of their payouts without ramping up their cost. Laurie Carver reports


A combination of sharply dipping asset prices and low interest rates has posed serious problems for variable annuity providers in meeting generous pre-crisis guarantees. The result has been a retreat from such generosity, with benefits being scaled back, and their costs raised.

Paris-based Axa raised the price on the guaranteed minimum income benefit on its Accumulator variable annuity (VA) from 65 basis points to 80bp and slashed the number of funds available to invest in by half. Another of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here