Investment costs

In 2018 the investment costs totaled approx. DKKm 939, equivalent to 0.43 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  
2018
2018
Percent
2017
Percent
Public Equity

161.6 
EUR 21.6

0.22 0.23
Private Equity 237.4 
EUR 31.8
2.54 2.65
High yield bonds and loans

106.6
EUR 17.3

0.31 0.35
Danish government - and mortgage bonds etc.

23.2
EUR 3.1

0.04 0.04
Infrastructure and renewable energy 132.9 
EUR 17.8
0.54 0.70
Credit funds 98.6 
EUR 13.2
1.75 1.90
Real Estate 20.0 
EUR 2.7
0.10 0.17
Undistributed costs 158.2 
EUR 21.2
0.07 0.07
Total 938.5 
EUR 125.7
0.43 0.44
Average invested capital of the year, DKKbn 219.5 
EUR 29.4
   

Administration Fee

The administrative costs payable in 2019 is DKK 297 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.

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