Danish pension company PFA returned 9.8 per cent for a typical member with medium risk and 15 years to retirement in 2025, its latest annual report has revealed.

Over the past three years, a customer with the same profile has received a total return of 40 per cent, while over 10 years the return has been 96 per cent.

All of PFA’s investment profiles recorded positive returns last year, including both PFA Plus and PFA Klima Plus.

PFA noted that while 2025 had been a turbulent year, the global economy had performed reasonably well, which had created a tailwind in the financial markets and resulted in strong investment performance.

"We are very satisfied that we have once again delivered competitive investment returns to our customers in 2025, and that over the past three years we have delivered investment results at the top of the commercial market,” said PFA CEO, Ole Krogh.

“This helps to create the greatest possible financial security for our customers, which is one of our most important tasks. In a year with major currency fluctuations, good dollar hedging has proven to be an important factor in creating a good investment return for customers.”

In 2025, PFA saw its customer deposits grow from DKK 61.3bn to DKK 78.6bn, representing an increase of 28.1 per cent, while its net deposits almost doubled over the year to DKK 33bn.

The growth in 2025 was primarily driven by an increase in new customers, with the combination of this influx and strong returns resulting in customer funds rising from DKK 678bn to DKK 746bn over the year.

In 2025, PFA made a net addition of 1,086 corporate and organisational customers, corresponding to DKK 1.4bn in net payments annually from employees at companies and organisations.

This was an increase of 116 percent compared to 2024, when the figure was DKK 664m. In terms of individuals, this represented a net addition of 22,400 customers during 2025.

“We are happy and proud that so many customers choose PFA as their pension company, and that both new and existing corporate and organisational customers want to be part of our customer community,” said Krogh.

“The high growth in payments and the large net addition of customers show that we are strong in the market with a good overall value proposition for customers.”

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