Denmark’s Industriens Pension has reported a 16.8 per cent return for 2021, equating to DKK 33.5bn.

Publishing its full-year results, the pension fund also revealed that contributions to the fund totalled DKK 10.8bn for the year, an increase of around DKK 1.3bn from 2020.

For members aged 45, the return was 22.7 per cent, while members aged 60, for example, received a return of 15.8 per cent. In 2021, Industriens Pension's investment assets grew to DKK 234bn at the end of the year from DKK 199bn at the end of 2020.

“Members' savings were raised significantly in 2021 after high returns for all age groups. In every way, it was a really good year for members of Industriens Pension, and the long-term return has also been very attractive. In addition to a high return, 2021 was characterised by high contributions and an increasing number of members,” Industriens Pension CEO, Laila Mortensen, said.

She added that the return is expected to be lower in the future, and especially in 2022.

"The unfortunate situation in Ukraine has obviously created tremors in the financial markets, and it will probably make its mark on the whole year's return.

“At the same time, the financial markets were already under pressure from rising inflation, and the prospect of a tighter monetary policy is also creating a more difficult investment climate. We are sensibly equipped with very diversified assets, but there is no doubt that 2022 will be a difficult year on the investment side,” Mortensen said.

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