Pension savings

This page features an outline of the pension wealth in Denmark. Though, the statement does not cover the entire real pension, which is significantly higher when including the savings located in available funds and equity in owner-occupied dwelling. 

The outline also embodies payments to pension arrangements sorted by banks and life insurance companies.

For longer time series, download The sector in figures

 

Pension savings

Billion Danish Kroner 2011 2012 2013​​ 2014 2015​​

Life insurance companies

1,496.2 1,681.6 1,756.7

 

2,013.2​

2,074.1

Pension funds

608.6 622.4 637.9 ​705.5 ​731.4

Banks, of which

398.9 438.2 44​4.9​ 423.7 344.7​
   Capital pension 174.3 189.1 167.7​ ​120.34 29.5​​
   Installment savings 213.9 239.5 ​268.4 ​295.7 308.5​
   Self pensioning (Special pension agreement which discontinued 16 December 1998) 2.6 2.4 2.2​ 2.1​​ 2.0​​
   Index accounts (Special pension agreement which discontinued 24 November 1971) 8.1 7.2 6.5​ ​5.6 4.7​

ATP (Supplementary pension)

775.5 791.1 ​677.5 812.4​ 781.2​

LD

59.3 61.9 ​9​ ​60.7 49.5​

SP

2.3 2.8 -​ -​ -​

In total

3,338.6 3,597.9 3,580.9​ 4,015.6 3,980.9​

Note: The pension savings in life insurance companies and pension funds are defined as the technical and pension reserves.
Source: The Danish Financial Supervisory Authority.

 

Payments made on pension savings

Mia. kr. Billion Danish Kroner 2013 2014 2015*​
Banks
   Capital pension 0.0 ​0.0 ​0.0
   Installment savings 9.8 ​9.6 ​6.8
   Index systems 0.0 ​0.0 ​0.0
Insurance companies and pension funds
   Endowment insurance 0.0 ​0.0 0.0​0​
   Annuity insurance 35.9 ​37,4 ​38.4
   Index systems 0.0 ​0.0 ​0.0
   Arrangements with ongoing down payment 54.2 ​56.3 ​58.9
   Additional lump sum benefits in pension funds 0.0 ​0.0 ​0.0

Banks or insurance companies and pension funds

   Index systems 0.0 ​0.0 ​0.0
   Senior settlements 1.7 ​3.1 ​4.0
​   Temporary life annuity ​2.8 2.9​ 2.7​
Pension payments in total 102.7 109.3 ​110.8
Allocation of pension payments between
   Privately issued arrangements 12.4 ​15.4 ​10.3
​   Employer managed arrangements ​90.4 ​93.9 ​96.5
Total number of pension plans in millions 6.5 ​7.3 ​6.3
Note: The statistical data of pension payments is not directly comparable with the statistics of the total pension savings, since the data basis is not the same.
Source: Told & Skat (Danish Central Customs and Tax Administration)
* Preliminary figures - final figures will come in November

​Longer time series

The sector in figures

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