Pension provider rejoice: Customers will get the big prize

Pensionsselskabet PFA, which has about 1.2 million pensionskunder, has had a return of 57,3 billion in the first nine months of 2019. It is a big tailwind in

Pension provider rejoice: Customers will get the big prize

Pensionsselskabet PFA, which has about 1.2 million pensionskunder, has had a return of 57,3 billion in the first nine months of 2019. It is a big tailwind in

Ann McDonald
Ann McDonald
04 November 2019 Monday 03:00
5 Reads
Pension provider rejoice: Customers will get the big prize

Pensionsselskabet PFA, which has about 1.2 million pensionskunder, has had a return of 57,3 billion in the first nine months of 2019.

It is a big tailwind in the financial markets, which has drawn up, in which rising stock and bond prices have padded the PFA's assets.

- 2019 has been a true year of jubilee for pension savers, who have been on both swings and roundabouts, says investeringsdirektør Kasper Lorenzen in a press release.

According to the PFA, the customers have got returns of up to 13,7 percent. In the third quarter alone grew return by 17.6 billion, informs the company.

- We have seen falling interest rates and a bond market that have performed well, while the stock market has buldret off. Also properties and the alternative portfolio throws good returns, so you can say that it is a year where everything seems to go up in a higher unity, " says Kasper Lorenzen.

It is especially PFA's investments in u.s. stocks that has pulled up in the return.

the PFA is the nation's largest commercial pension provider. The positive development in 2019 comes on the back edge of a poor 2018, which was characterized by declining stock prices. Last year lost the PFA 5,3 billion dollars on its investments.

Investeringsdirektør Kasper Lorenzen stresses that it is difficult to predict how long the good rates on the financial markets may persist.

He points out that there are a number of uncertainties as brexit and handelskrigen between the UNITED states and China, which could tip the balance in the financial markets.

With the turmoil we have seen in recent years, it can quickly turn, and therefore it is important not to be fartblind, in a market like what we see now, he says in the press release.

Updated: 04.11.2019 03:00
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