As much as 40 billion kroner in forgotten private pension accounts is slowly being eaten up in administration costs and inflation. 

Pension funds have an interest in holding on to the pension accounts, each with an average of 32,000 kroner, but the government is ready with a proposal transferring administration of the funds to ATP, the state pension fund.

But while the government suggests requiring that pension-fund holders opt-in to the move, the consumer watchdog Forbrugerrådet wants it to be mandatory. 

Berlingske

This story was included in The Copenhagen Post's Morning Briefing for Friday, September 13. If you would like to receive stories like these delivered to your inbox by 8am every morning, sign up for our Morning Briefing newsletter today.