ATP raises pensions despite losses

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DENMARK - Danish pension fund giant ATP has confirmed its commitment to raise all current and future pensions by 2%, despite reporting a 1.4% loss on its investment return for the first nine months of 2008.

ATP estimated the payment increase at DKK5.9bn (US$1.03bn) for its more than 690,000 current and future pensioners. The fund claimed the combined effects of diversification of investments betwee...

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