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 proportion of our investments is managed passively, meaning we invest broadly across the market rather than selecting individual securities ourselves. 

Overall, this means that you benefit from some of the lowest costs in the sector.

Are costs eating into your 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 in P+ with those of Denmark's five largest commercial pension providers.  

Get an overview and move forward in just a few minutes

In Min pension you can quickly get an overview of whether you have multiple pension schemes that you could benefit from consolidating. You can also use the self-service solution in our app. 

If you are in doubt, our advisers are ready to help you asses whether it would be advantageous for you to consolidate your pension. We do not charge for transferring savings to us. And we handle all the practicalities if it is actually beneficial for you to consolidate your schemes in P+.

You can call our advisers on +45 3818 8700.