Are you missing out on a lot of money?

By consolidating your pension savings with a provider that offers low costs, you could save a substantial amount over the course of your working life.

The difference in costs may be significant when you have a pension scheme. And even small differences in costs can have a major impact on how much you have saved by the time you retire. 

In P+ there are no shareholders looking to profit from your pension. Instead, all profits are returned to you and our other members.

We keep your investment costs low by having our assets managed by external portfolio investment managers. In addition, a significant share of our investments is managed passively, meaning we invest broadly across the market rather than selecting individual securities ourselves. 

These approaches provide your with some of the lowest costs in the sector.

Are costs eating into your pension savings?

If a 30-year-old with a monthly salary of DKK 45,000 pays just 0.1 percent extra in annual costs until retirement, they could end up with approx. DKK 300,000 less in pension savings.

If the same person pays 0.3 percent extra in annual costs, their pension savings could be reduced by approx. DKK 900,000. 

The example is based on a 30-year-old who retires at age 70, earns DKK 45,000 monthly and contributes 18.07 percent of their salary to a pension scheme, corresponding to the current contribution rate for academics employed in the public sector. It assumes a fixed annual return of 6 percent after costs and tax. A labour market contribution of 8 percent is deducted from contributions, and it is assumed that 10 percent of contributions are used to pay for insurance cover included in the pension scheme.

Consolidate your pensions with a low-cost provider

If you are one the many Danes with pension savings spread across several provider, you should consider bringing them together one place. This is especially relevant if you have a pension scheme in a bank or a commercial pension provider where costs are typically are higher than in P+. 

Below, you can compare the total costs on P+ with those of Denmark's five largest commercial pension providers.  

Gain an overview and take the next step in just a few minutes

In Min pension you can quickly see whether your have pension savings with other providers that could benefit form being consolidated. You can also use the feature in our app. 

If you have questions, our pension advisers are ready to help you assess whether consolidating your pensions would be beneficial. We do not charge any fees for transferring pension savings to P+. And if it proves to be an advantage for you to consolidate your savings in P+, we will handle the transfer process. 

Call one of our adviser on +45 3818 8700.