Costs

PensionDanmark strives to be among Denmark's most cost-efficient pension funds. 

Investment costs

In 2016 the investment costs totaled approx. EUR 100m, equivalent to 0,41 pct. 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

EURm 2016

Pct. 2016 

Pct. 2015

Public Equity

20.5

0.26

0,25

Private Equity 19.6 2.68 2,81
High yield bonds and loans 14.5 0.34 0,27
Danish government - and mortgage bonds etc. 2.7 0.04 0,04
Infrastructure and renewable energy 15.6 0.58 0,67
Credit funds 12.2 2.21 2,43
Real Estate 1.8 0.10 0,11
Undistributed costs 15.0 0.06 0,07
Total 102.0 0.41 0,42
Average invested capital of the year, EURb 24.9 -

 

Administration Fee

The administrative costs payable in 2016 is approx. EUR 40 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

PensionDanmark has kept the cost at a stable level, which is showcased under Cost Development