Pensionskassernes Administration (PKA)

Practitioner Profile


Peter Melchior, actuary and management board member of Pensionskassernes Administration (PKA), is blunt about the reaction he got after he marked the @13 billion Danish pension fund's assets and liabilities to market in 2001. "Some people said, 'Isn't this ridiculous?'", he recalls. "For example, they would say, because of some changes in the interest rate curve, our liabilities have changed by one percent from yesterday to today. When we measure our liabilities from hour to hour, or at leas

To continue reading...

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 indvidual account here: