Danish pension provider, Danica Pension, has reported strong returns for its customers in 2021.

Its positive results saw a typical customer opting for the Danica Balance Mix Medium Risk, and 20 years to retirement, receiving a return of as much as 17.9 per cent, after costs.

For customers with high risk and 30 years to retirement, the return has been 23.6 per cent, while a customer with low risk and five years to retirement has received a return of 6.1 per cent.

In 2021, the higher the risk, the higher the return, and this is mainly due to the sharp rise in the stock markets. Customers with a larger safety net and thus less risk - for example in the form of a guarantee - have thus received lower returns.

Danica Pension investment director, Poul Kobberup, said: "2021 has been marked by a reopening, and the combination of the rollout of vaccines over a large part of the world, giant aid packages in the US and Europe and strong accounts from companies has led to a good return year, where risk has been rewarded.”

"At Danica Pension, we have stuck to our long-term investment strategy, and we are pleased that this year, again, it has led to customers receiving one of the market's absolute best returns."

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