Investment costs

In 2023 the investment costs totaled approx. DKKm 1,890 equivalent to 0.62 percent of the average annualised capital.

The procentual fee covers:

  • Internal investment costs, e.g. staffing
  • Eksternal costs, e.g. management fees for external managers
  • Transactions costs (brokerage and clearing fees) covering purchase and sale of securities.

Investment Costs

Investment Costs DKKm 2023 EURm 2023 2023 Percent 2022 Percent
Public Equity 198.3 20.6 0.17 0.20
Private Equity 760 102 3.03 3.38
High yield bonds and loans 110 14.8 0.23 0.24
Danish government - and mortgage bonds etc. 48.2 6.5 0.09 0.10
Infrastructure and renewable energy 313.6 42.1 1.15 1.08
Credit funds 91.6 12.3 1.19 1.13
Real Estate 61.2 8.2 0.23 0.12
Undistributed costs 307.4 41.2 0.10 0.10
Total 1,890.3 253.6 0.63 0.63

Administration Fee

The administrative costs payable in 2024 is DKK 320 pr. member, which is among the lowest in the Danish pension industry.

The fee covers:

  • Collection of premiums
  • Disbursements of pensions
  • Processing of inquiries/applications/requests from members and companies
  • Insurance administration.