Half of Danes have not checked whether they are saving enough for retirement

Around half of Danish savers have not checked whether they are saving enough for retirement, according to a survey by Sampension.

The survey conducted by Epinion of 1,000 Danes on behalf of Sampension found that 49 per cent have not investigated whether they are on the right track with their retirement savings, while 47 per cent conversely said that they have checked it.

“Few Danes neither want nor expect to have to lower their standard of living significantly when they retire. But if you do not know in time whether you are on the right track with your savings, then in the end an unpleasant financial surprise can await. Because you risk having saved too little to be able to get the retirement life you expect – and instead there may be a prospect of a completely different financial reality as a pensioner,” Sampension marketing and customer advisory manager, Anne-Louise Lindkvist, said.

According to the survey, most of the 18-34-year-olds (68 per cent) have not checked whether they are saving enough to get the income in retirement that they expect. But even among the 57-65-year-olds approaching retirement age, almost every third (30 per cent) have not checked.

“It is important to check your savings on an ongoing basis, so that you have a fairly realistic idea of what retirement life you have the prospect of having financially. And this is especially true for Danes with less time to retire. Because the closer you get to retirement age, the fewer years you have to strengthen your savings, if there is a need for it,” said Lindkvist.

The survey also shows that almost every third Dane (29 per cent) expects to have unchanged or even higher income in pension life than in working life – corresponding to the income as a pensioner being 80-100 per cent of income in working life. Among the 57-65-year-olds, this applies to every 4th (26 per cent).

    Share Story:

Recent Stories


An overview of growth investing
European Pensions Editor, Natalie Tuck, speaks to American Century Investments (ACI), Vice President, Senior Client Portfolio Manager, Kevin Lewis on growth investing.

They discuss how it has performed in 2021, and its outlook, going forward. They also cover ACI’s differentiated growth approach to the investment universe, and how this capitalises on market inefficiencies, as well as how ACI’s team is equipped to invest in this manner.
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows