Investment costs

In 2024 the investment costs totaled approx. DKKm 2,019 equivalent to 0.60 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 2024 EURm 2024 2024 Percent 2023 Percent
Public Equity 172.5 23.1 0.13 0.17
Private Equity 882.7 118.4 3.08 3.03
High yield bonds and loans 115.6 15.5 0.21 0.23
Danish government - and mortgage bonds etc. 29.5 4 0.05 0.09
Infrastructure and renewable energy 341.9 45.8 1.20 1.15
Credit funds 108 14.5 1.30 1.19
Real Estate 91.6 12.3 0.32 0.23
Undistributed costs 277.4 37.2 0.08 0.10
Total 2019.2 270.8 0.60 0.63

Administration Fee

The administrative costs payable in 2025 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.