Investment costs

In 2020 the investment costs totaled approx. DKKm 1.217 equivalent to 0.49 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   2020 EURm 2020

2020 Percent

2019 Percent

Public Equity 216.3 28.8 0.24 0.17
Private Equity 304.4 40.6 3.02 2.77
High yield bonds and loans 94.3 12.6 0.26 0.27
Danish government - and mortgage bonds etc. 26.2 3.5 0.05 0.04
Infrastructure and renewable energy 246.0 32.8 0.88 0.60
Credit funds 91.2 12.2 1.71 1.23
Real Estate 33.9 4.5 0.14 0.11
Undistributed costs 204.5 27.3 0.08 0.07
Total 1,216.7 162.2 0.49 0.43

Administration Fee

The administrative costs payable in 2021 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.