Almost seven out of 10 (68 per cent) Danes fear that US President Trump will have a negative impact on their pension savings, a survey by Epinion conducted on behalf of Sampension has found.

A survey of 1,000 Danes found that 68 per cent fear a ‘very high’, ‘high’ or ‘some’ degree of negative impact on their pension savings due to global developments in the coming years with Trump in the White House.

Sampension head of advisory services, Helle Dalsgaard, said: "Trump's first year as president has truly been a wild one, featuring a trade war – which has just flared up again – significant turmoil in the financial markets and generally increased global uncertainty.

“It is therefore entirely understandable if, against this backdrop, people are not particularly optimistic about the future prospects with Trump in the White House and, in this context, fear that developments in the coming years may affect their pension savings.

On a more positive note, however, she noted that despite the trade war seen in the first half of 2025, the year ended up providing “decent pension returns”.

In the wake of Trump’s latest tariff threats due to the conflict over Greenland, PFA chief strategist, Tine Choi Danielson, urged calm and long-term thinking.

"We are awaiting new information, not least the EU's response. The picture may look different after that response. However, it must be said that higher tariffs will have a negative impact on growth in Europe," Choi Danielsen said.

She also detailed the measures PFA took last year to protect its customers’ pension savings from market volatility linked to Trump.

"We sold off US government bonds and increased our currency hedging last year because we were concerned about the US's unilateral approach to trade policy and the Trump administration's repeated challenges to the independence of the central bank.

“We are, of course, monitoring the situation very closely and are ready to take further action if necessary," she said.

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