“It is hard not to be satisfied with our achievements in 2012. Despite the turbulence in the financial markets, we achieved a record-high yield of DKK 12 billion. We have maintained our position as one of the most cost-effective companies in the pension sector, with healthy growth in our membership intake and contributions,” says CEO Torben Möger Pedersen, PensionDanmark.
As he explains, PensionDanmark’s investment profile focuses strongly on investments in real estate and stable alternatives such as wind turbines, bank loans and export credits to make the portfolio more robust at a time when the listed markets are extremely volatile. PensionDanmark also has a good balance of investments in equities and interest rate instruments. The investment policy has ensured an attractive yield – despite the changeable climate – and has won PensionDanmark the title of “Best European Pension Fund 2012”.
“Our most important task is to protect and increase the purchasing power of our members’ pensions without jeopardising their security. Although the financial crisis has restricted the scope for investments, we have delivered constantly high investment returns for members year after year. In fact, our members have received a return of just over 35% since 2008.That is extremely satisfactory,” says Torben Möger Pedersen.
At the end of the year, PensionDanmark had 633,000 members – an intake of 16,000 members during 2012. The total contributions in 2012 were DKK 10.7 billion, up 1.8% compared to 2011, and the members’ savings amounted to DKK 139 billion at the end of 2012 – a 14% increase compared to the end of 2011.
Read the Annual Report here.
| Key figures and ratios 2012 | 2012 | 2011 |
| Premiums, DKKm | 10,653 | 10,465 |
| Investment yield, DKKm | 12,029 | 10,484 |
| Insurance payment, DKKm | 3,961 | 3,207 |
| Balance sheet, DKKm | 138,830 | 121,854 |
| Expense percentage | 2.6 | 2.2 |
| Expense percentage excl. non-recurring expenses (1) | 2.1 |
- |
| Expense in DDKm per insured | 400 | 352 |
| Expense in DDKm excl. non-recurring expenses (1) | 324 |
- |
| Numbers of members at the end of the year | 633,556 | 617,784 |
| Return attribution after tax, % (2) | 8.4 | 8.2 |
- Non-recurring expenses relating to the change of insurance administration platform
- Typical member
