PensionDanmark delivered solid performance in turbulent 2020

4 March 2021

Amid financial market volatility, PensionDanmark generated a solid return of DKK 16.1 billion in 2020. At the same time, administrative expenses were kept low in order to ensure that increasing member contributions are reflected in growing savings with Denmark’s most cost-effective pension fund.

Despite the global COVID-19 pandemic, PensionDanmark delivered solid returns in 2020 for the benefit of our members.The losses sustained in the spring when equity markets plummeted were recouped and more, giving PensionDanmark’s members a total investment return of DKK 16.1 billion.

“We delivered highly satisfactory results in a challenging year. We are robustly positioned thanks to our highly diversified investment portfolio and its strategic bias towards infrastructure and sustainable real estate. This provides stability if equity markets face headwinds,” says Torben Möger Pedersen, CEO of PensionDanmark.

Although the Danish economy suffered a major setback, staff numbers at most of the companies that are members of PensionDanmark remained relatively high and stable, so the number of active members was largely unchanged.

Total contributions increased to DKK 14 billion in 2020 from DKK 13.5 billion in 2019, while total assets grew by almost 7% to DKK 289.7 billion.

Source: PensionDanmark
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