Investment costs

In 2025 the investment costs totaled approx. DKKm 1,969 equivalent to 0.56 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 2025 EURm 2025 2025 Percent 2024 Percent
Public Equity 178,2 23,9 0,12 0,13
Private Equity 785,3 105,1 2,68 3,08
High yield bonds and loans 102,1 13,7 0,21 0,21
Danish government - and mortgage bonds etc. 19,7 2,6 0,04 0,05
Infrastructure and renewable energy 364,6 48,8 1,22 1,20
Credit funds 112,8 15,1 0,89 1,30
Real Estate 103,0 13,8 0,33 0,32
Undistributed costs 303,2 40,6 0,09 0,08
Total 1,969,0 263,6 0,56 0,60

Administration Fee

The administrative costs payable in 2026 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.