Danish pension savings soar by 343 billion

Danish pension contributors saw an exceptionally good year in 2024, with investment returns totaling 343 billion kroner, according to Denmark’s National Bank. This figure is the second-highest ever recorded, only surpassed by 2019, and contrasts the negative returns of 2022, which amounted to 700 billion kroner. Chief economist Mads Moberg Reumert from Danica points out the associated sense of security and potential for maintaining a high standard of living due to the substantial growth in pension savings. He calculated that for every million in savings, individuals with a long-term pension horizon and high investment risk could add an additional 188,500 kroner. Tore Stramer, chief economist at Dansk Erhverv, attributes much of the success to US stocks, especially technology companies like Nvidia, Apple, and Amazon. However, the fluctuating stock market in early 2025 poses challenges for pension fund returns in the coming year.