You can no longer choose Tidspension or make further lump-sum contributions to a Tidspension scheme with guarantee.
Tidspension differs from other savings products. As a customer, you have two accounts: one for your contributions and one for your investment return. Tidspension has a unique set-up and is not like other pension schemes.
Tidspension consists of two accounts:
We will place your contributions in your pension account (P account). Your investment return will be placed in your buffer account (B account) and regularly transferred to your P account savings. This way, you can achieve a high expected return and ensure stability in your benefit payments.
Tidspension is a savings product for you if you want the opportunity to achieve a higher return while also seeking financial security and stability when your savings are paid out. Due to a special mechanism, Tidspension can provide both.
High expected return
Part of your savings is invested in Tidspension where our goal is to invest between 50 and 70 percent in equities and similar risky assets. The remainder is more low-risk securities. That way, you have the opportunity to achieve an expected high return, both during the savings period and the payout period.”
Financial security and stability
Generally, an attractive investment profile with a large proportion of equities and other high-risk assets means that returns will fluctuate significantly. When the investment market performance is up, your pension savings return will increase – and when the investment market performance drops, you will get a negative return. However, you will not notice the fluctuations much, as a special equalisation mechanism ensures that your benefit payments are stable, even though the overall investment return fluctuates.
In Tidspension, you get an investment tailored to your expected retirement age and the way your money is paid out. This means that you get your own individual return. And you do not have to do anything – we invest on your behalf.
Both while you save up and when you need to have your pension paid out, we invest a part of your savings in Tidspensionsfonden. Tidspensionsfonden, which is composed and monitored by Danica's economists and investment experts, consists of equities, alternatives, properties, credit, bonds and cash. Our goal is to have 50-70% shares and similar in Tidspensionsfonden. This is how we expect to provide you with a high long-term return. The proportion of equities etc. may vary.
The rest of your savings are invested in Fastrentefonden, which will be added a fixed interest rate based on a bond index chosen by Danica. The shorter the period to your retirement, the larger the proportion of your savings will be invested in Fastrentefonden.
| Year | Investment costs in % |
|---|---|
| 2024 | 1.00 |
| 2023 | 0.90 |
| 2022 | 0.90 |
| 2021 | 0.90 |
| 2020 | 0.90 |
| 2019 | 0.90 |
| 2018 | 0.90 |
| 2017 | 0.90 |
| 2016 | 0.87 |
| 2015 | 0.84 |
| 2014 | 0.84 |
| 2013 | 0.84 |
Updated May 21st 2024
With Danica Balance, our experts invest your pension savings so that they fit your needs and your life situation. We will take into account when you plan to retire and how much risk you are willing to take
Do you want your pension savings to have an extra focus on promoting sustainability? If so, you can choose to place a proportion or all of your pension savings in Danica Balance Responsible Choice.
If you want to be absolutely free to invest your pension savings.
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