PensionDanmark returns DKK4bn less in first half 2016 than 2015
Written by Natalie Tuck
In the first half of 2016, PensionDanmark has returned almost DKK4bn less than it returned in the first half of 2015.
PensionDanmark returned DKK3.8bn in the first half of 2016 compared to DKK7.9bn in the first half of 2015, a drop of DKK4.1bn.
However, the positive yield ensures a return of 1.3 per cent for members aged over 40 and 3.2 per cent for members aged over 65 before taxes. In recent months market returns have improved increasing returns to 3.5 per cent and 4.7 per cent for the two age groups respectively.
In addition, it revealed administrative costs per insured decreased by 10 per cent in the first six months of 2016. Premiums increased by DKK0.7bn totalling DKK6.4bn, while the assets under management grew by DKK7bn reaching DKK189bn. The number of members grew by 9,000 to a total of 686,000.
”Overall, we have achieved satisfying results in the first half-year, during which our investment portfolio once again proved robust despite the significant turbulence in the financial markets, while simultaneously managing to bring down administrative costs even further”, said PensionDanmark CEO, Torben Möger Pedersen.
The use of services in PensionDanmark Health Care increased substantially in the first half of 2016. Members received a total of 125.000 treatments at PensionDanmark’s 124 local health centres – a 24 per cent increase compared to the same period of 2015, in which 101.000 treatments were given.