Danish pension fund Pædagogernes Pension (PBU) achieved a return of 12.1 per cent for members with 15 years to retirement, invested in a medium-risk portfolio, in the first half of 2026.

The strong performance places PBU at the top among Danish pension providers in the first half of the year, following its best return for the same member group in 2025.

The pension fund said the result was driven by the positive performance of global equity markets during the first half of the year.

It noted that members with longer investment horizons have a greater proportion of their pension savings invested in equities, reflecting their greater ability to withstand market fluctuations and benefit from higher long-term return potential.

However, members aged over 56, who have a lower allocation to equities, also recorded strong returns on their pension savings during the first six months of the year.

The fund said its focus remains on delivering strong long-term outcomes for members, noting that it has also generated the highest returns for members under the age of 56 over one-, three- and 10-year periods.

It said its long-term investment strategy, combined with its commitment to responsible investment principles, has helped create value for members, with the first-half 2026 results providing further evidence of this approach.

PBU CEO, Sune Schackenfeldt, commented: "It is a strong result for the hard-working educators we serve – and it is made even stronger by the fact that we also have by far the lowest total costs in the pension industry, measured by the annual cost indicator (ÅOP).

“This means a larger share of the investment return remains in our members' pension savings.”

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