Skip to main content

How we are changing the investment strategy

‘Mix Medium risk profile’

Here you can see how we are changing the investment strategy ‘Mix Medium risk profile’ at 1 April 2026.

We are increasing the proportion of equities etc.

The blue colours indicate the proportions we will invest in the four funds DP Offensiv, DP Mix, DP Defensiv and DP Korte Obligationer from 1 April 2026.

The white line indicates the standard proportion we expect to invest in equities etc. across the funds from 1 April 2026 – in the chart we call this ‘Neutral andel af offensive investeringer’.

The dotted brown line indicates the proportion we expect to invest in equities etc. across the funds today, prior to the change.

Please note that, for the period after retirement, the chart indicates the investment distribution for a 20-year annuity pension scheme or a life annuity. The chart does not apply from the date when any guarantee takes effect.

How the change will affect our customers – see examples

Below we show some examples of how we expect the change to the ‘Mix Medium risk profile’ investment strategy to affect our customers with 30, 20, 10, 5 and 2 years to retirement.The benefits on expected return are our best estimate of the amount a customer with the selected characteristics will receive when the customer retires.

The calculation is based on a number of general assumptions and average data on returns, inflation, longevity and tax.

In addition to the expected benefits, you can also see the benefits in a high-return and a low-return scenario, respectively. This is the return the customer can expect to receive if the financial markets perform better or worse than we expect.

There is a high probability (90%) that the customer’s benefits will land somewhere between the benefits on a high return and the benefits on a low return.

Only uncertainty as to financial market developments has been taken into account in calculating the benefits in the high-return and low-return scenarios – not any uncertainty related to inflation, tax regulations, longevity, etc. 

  • 30 years to retirement

    Example 1 – Pension savings of DKK 100,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 15,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 80,526 89,034 8,508 10.6 %
    Benefits on expected return 46,391 48,481 2,090 4.5 %
    Benefits on low return 21,930 20,581 -1349 -6.2 %

     

    Example 2 – Pension savings of DKK 200,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 163,411 180,694 17,283 10.6 %
    Benefits on expected return 94,281 98,536 4,255 4.5 %
    Benefits on low return 44,539 41,779 -2,760 -6.2 %


    You can find additional calculation assumptions here.

  • 20 years to retirement

    Example 1 – Pension savings of DKK 290,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 20,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 89,778 99,118 9,340 10.4 %
    Benefits on expected return 56,365 58,867 2,502 4.4 %
    Benefits on low return 31,192 29,674 -1,518 -4.9 %

     

    Example 2 – Pension savings of DKK 635,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 40,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 192,872 213,015 20,143 10.4 %
    Benefits on expected return 121,010 126,420 5,410 4.5 %
    Benefits on low return 66,862 63,612 -3,250 -4.9 %

    You can find additional calculation assumptions here.

  • 10 years to retirement

    Example 1 – Pension savings of DKK 840,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 127,275 135,719 8,444 6.6 %
    Benefits on expected return 92,195 94,530 2,335 2.5 %
    Benefits on low return 63,331 61,245 -2,086 -3.3 %

     

    Example 2 – Pension savings of DKK 2,000,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 60,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return  294,294 314,107 19,813 6.7 %
    Benefits on expected return 212,339 217,802 5,463 2.6 %
    Benefits on low return 145,126 140,284 -4,842 -3.3 %

    You can find additional calculation assumptions here.

  • 5 years to retirement

    Example 1 – Pension savings of DKK 1,430,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 148,910 154,201 5,291 3.6 %
    Benefits on expected return 117,750 119,024 1,274 1.1 %
    Benefits on low return 89,798 87,780 -2,018 -2.2 %

     

    Example 2 – Pension savings of DKK 3,600,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 60,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 369,493 382,726 13,233 3.6 %
    Benefits on expected return 291,712 294,893 3,181 1.1 %
    Benefits on low return 222,040 217,009 -5,031 -2.3 %

    You can find additional calculation assumptions here.

  • 2 years to retirement

    Example 1 – Pension savings of DKK 2,000,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 30,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 169,930 172,630 2,700 1.6 %
    Benefits on expected return 145,604 146,125 521 0.4 %
    Benefits on low return 121,764 120,288 -1,476 -12 %

     

    Example 2 – Pension savings of DKK 5,000,000 today

    Annual contribution after payment of labour-market contribution, if any: DKK 60,000

    20-year annuity pension scheme with benefits paid out to the beneficiaries in case of death.

    What the customer can expect to receive in the first year of retirement:

     
    Before change
    After change
    Difference in DKK
    Difference in %
    Benefits on high return 417,531 423,652 6,121 1.5 %
    Benefits on expected return 360,176 361,337 1,161 0.3 %
    Benefits on low return 303,546 300,117 -3,429 -1.1 %


    You can find additional calculation assumptions here.

  • Additional calculation assumptions 

    The calculations are forecasts based on the following assumptions:

    The benefits ‘Before change’ are calculated based on the distribution of investments in Danica Balance at October 2025.

    The benefits ‘After change’ are calculated based on the new distribution of investments in Danica Balance effective from April 2026.

    In calculating the forecasts ‘Before change’ and ‘After change’, we have applied the following assumptions from October 2025:

    • Benefits are calculated as 2025 amounts and before any direct and indirect taxes.
    • When forecasting benefits, we apply the rules we have reported to the Danish Financial Supervisory Authority and the rules described in Danica’s bonus regulation and the fact sheet ‘Når du får udbetalt din pension’ at danica.dk/vilkaar (in Danish only).
    • We have assumed an inflation rate of 1% p.a. until and including 2025. From 2026 until and including 2030, we assume an inflation rate of 1.9% p.a. From 2031 until and including 2035, we assume an inflation rate of 1.8% p.a. From 2036, we assume an inflation rate of 2% p.a. In converting the forecast to 2025 amounts, we take the expected inflation rate into account.
    • In calculating the above forecasts, we have applied the societal assumptions of the Danish Council for Return Expectations – established by, among others, the trade association Insurance & Pension Denmark – at 1 January 2025.
    • We assume a rate of tax on pension returns of 15.30%.
    • Contributions are not made to insurance covers other than savings balance protection, which ensures that the beneficiaries receive benefits on the customer’s death.
    • In the forecasts, we adjust pension contributions according to the rate of inflation. 

     

Want to learn more about this investment strategy?

Read more here

Do you have questions about the changes to Danica Balance?

If you have any questions or need advice, please feel free to call us on +45 70 11 25 25. You can find answers to the most frequently asked questions about the changes here:

See questions and answers
See our changes to your investment strategy Mix low risk profile with effect from 1 April 2026.

Mix low risk profile

See our changes to your investment strategy Mix low risk profile with effect from 1 April 2026.

Read more
See our changes to your investment strategy Mix high risk profile with effect from 1 April 2026.

Mix high risk profile

See our changes to your investment strategy Mix high risk profile with effect from 1 April 2026.

Read more
Here you can see our changes to your investment strategy 'fixed risk profile’ with effect from 1 April 2026.

Fixed risk profile

See our changes to your investment strategies with fixed risk profiles

Read more

A lot can happen in a year. Does your pension scheme fit your current life situation?

Take a Pension Check
Show
Hide
Show more rows: All table rows are already visible for screen readers.
Show less rows: All table rows are already visible for screen readers.