Danish pension company PFA has reported positive returns across all investment profiles in the first half of 2026, while deposits reached record-high levels, its half-year report has revealed.

A typical PFA customer with medium risk and 15 years to retirement received a return of 8.3 per cent in the first six months of 2026.

Over the past three years, a similar customer would have seen a total return of 40.3 per cent and over 10 years would have received 107.2 per cent in investment return.

All of PFA’s investment profiles achieved positive returns in H1 2026, including both PFA Plus and PFA Klima Plus.

In PFA Klima Plus, a customer with medium risk and 15 years to retirement had a return of 11.3 per cent in the first half of the year.

"We are very pleased that we have once again delivered competitive investment returns to our customers in this half-year, and that over the past three years we have delivered investment results at the top of the commercial market,” said PFA CEO, Ole Krogh.

“In the first six months of the year alone, customers have received a higher investment return than is normal for an entire year.

“This helps to create financial security for our customers, which is one of our most important tasks. In particular, our climate-focused investment solution, Klima Plus, has delivered very good investment returns in the first half of the year and in recent years.”

In the first six months of the year, deposits grew by DKK 4.4bn year-on-year to DKK 41.7bn, a growth rate of 11.8 per cent.

However, PFA’s profit before tax fell year-on-year in H1 2026, down from DKK 1.43bn to DKK 1.23bn.

“The first six months of the year have been very positive for customers and PFA, and we have broken several records,” Krogh added.

“We are particularly pleased that the customer community continues to grow so significantly.

“When both new and existing customers increasingly choose us, and we grow profitably, it is good for the entire customer community, as the economies of scale provide lower costs and the opportunity to invest in better solutions and service for all customers.”

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