Savings

PFA Plus has 3 investment concepts – PFA Invests, PFA Flexible and You Invest. In connection with PFA Invests and PFA Flexible, you can select an intended share in PFA Climate Plus. In PFA Invests, PFA manages the investment of the savings, and you can choose among Profile Low, Medium and High.

The investment profiles have different distributions in high risk funds (equities and similar investments) and low risk funds (bonds and similar investments), which is reflected in the risk of each profile. The intended share in high risk and low risk funds in the individual investment profile is fixed until you reach a certain age. After that, the share in the high risk funds will be gradually reduced as you reach retirement. The reduction of high risk funds will continue for several years after you have retired. Generally, the savings will be rebalanced every six months to ensure the intended shares in the funds, however, in the periods in between, the actual shares may vary due to market fluctuations.


 
If you have Profile Cautious, you can read more here. It will not be possible to choose Profile Cautious after 1 April 2025. 

PFA Climate Plus – with extra focus on climate

  
You have the possibility of placing all or part of your savings in PFA Climate Plus – a savings product which provides you with the possibility of saving for retirement with an increased focus on climate. In PFA Climate Plus, your savings are invested in companies that promote the green transition by contributing to a low-emission economy. This can, for example, include wind and solar energy, forestry and sustainable properties. In PFA Climate Plus, there are no investments in oil, coal and gas companies or companies with strong ties to these sectors. 

As a rule, the return in PFA Climate Plus is expected to be slightly lower and have slightly greater short-term fluctuations than the return on your other pension savings with PFA, as the investments, due to the extra climate considerations, are based on a smaller pool of assets. 

If you are employed after xx, xx per cent of your savings payment will be placed in PFA Climate plus. You can subsequently change your distribution at My PFA.

How are your savings to be invested?


High, Low or Medium? Which profile is the best match for you? And should a part of your savings be invested in PFA Climate Plus? You can quickly find out by answering a few simple questions in the investment guide at My PFA about your return expectations, your risk appetite and climate preferences. 

Try the Investment Guide at My PFA

PFA Flexible


If you do not want the risk to be reduced automatically like in PFA Invests, you can select PFA Flexible, which does not have automatic gradual reduction and allows you to determine the distribution between high risk and low risk funds yourself. These funds are the same as the ones used for Profile Low, Medium and High in PFA Invests. Subsequently, you can change the distribution between the high risk and low risk funds or the share in PFA Climate Plus at My PFA (mitpfa.dk). PFA Flexible cannot be combined with PFA Invests. Generally, the savings will be rebalanced every six months to ensure the intended shares in the funds, however, in periods in between, the actual shares may vary due to market fluctuations. You cannot select PFA Flexible if you are covered by a collective agreement. 

You Invest


In You Invest, you can choose which funds, among those offered by PFA at any given time, your savings should be invested in. The internal funds are managed by PFA, whereas the external funds are managed by other fund managers. It is your choice whether you prefer to invest the regular payments automatically based on a fixed distribution, or whether the investment should be managed manually on a case-to-case basis.

PFA CustomerCapital – a unique profit and risk sharing model

 
When PFA Pension was founded in 1917, the owners decided that they were only to receive a very limited part of the profit. This is still the case, and it means that the vast majority of PFA Pension's profits are passed on to the customers. For one thing, the payment is made through PFA CustomerCapital, which can be compared to an investment in PFA Pension allowing you to obtain a high interest on part of your savings. 

Just like other investments, CustomerCapital is subject to risk. Together with the equity, CustomerCapital forms part of PFA Pension’s capital base, which is to cover any losses that PFA Pension may suffer. Therefore, CustomerCapital may decrease and, in the worst case, run out.

The part of CustomerCapital that is included in your own savings is called Individual CustomerCapital, and it will carry at least the same return as PFA Pension's equity. In addition, there is a possibility of an extra interest through PFA Pension's common reserves, also called Collective CustomerCapital, where PFA Pension determines part of the interest. When CustomerCapital is linked to your plan, an amount currently corresponding to 2 per cent of your payments, single payments and transfers from other companies to savings in PFA Plus will go to Individual CustomerCapital. The interest on Individual CustomerCapital will be transferred to the other savings. However, if the interest is negative, the Individual CustomerCapital will be reduced..

Read more about CustomerCapital and see the interest 

You can deselect CustomerCapital

At present, 2 per cent of the payments that you make to your savings plan under PFA Invests, PFA Flexible and You Invest will go to Individual CustomerCapital. If you do not want CustomerCapital, you can deselect CustomerCapital for your future payments at My PFA (mitpfa.dk). If you deselect CustomerCapital, payments will no longer be made to your Individual CustomerCapital. However, you cannot change already accumulated Individual CustomerCapital into ordinary savings.