SP records net loss for second quarter of 2004

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DENMARK - Special Pensions Savings scheme, managed by ATP, has recorded a DKK 1.857bn (e134m) loss and the market return on investment for Q2 of 2004 was a mere DKK 98m (e13m), equivalent to 0.2%.

The SP scheme was set up in 1999 and requires all employees, the self-employed and some people receiving transfer payments to pay contributions set at 1% of their income. The boost in return tha...

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