Q&A
What should you do? Questions and answers about you and your pension
Why is my return falling?
The US seriously started the trade war on Wednesday evening Danish time. It has had negative consequences in the stock markets, and there have been major declines. The trade war threatens exporters and supply chains. It is negative for growth in Europe, China, and the US, which pushes inflation up and generally increases uncertainty. On the positive side, there is great job security, tax cuts on the way in the US, and a historically large infrastructure package in Germany, all of which can contribute to a better mood this year.
What is PFA doing to minimise the losses?
At PFA, we always closely monitor the markets and continuously adjust the investment portfolios. You have this advantage if you have an investment profile in PFA Investerer or PFA Fleksibel, where PFA invests your savings based on your chosen risk. When PFA adjusts the investment portfolio, it happens automatically in the products, and therefore you will rarely notice it. PFA has in the last quarter taken profits and moved from overweight in stocks to a more neutral position. Among other things, PFA has in recent months reduced our share of American stocks and increased our protection against dollar declines. This has helped to reduce the negative returns.
I am worried about my savings - what should I do?
If you feel insecure or unsure about your current investment profile, it is always a good idea to take the investment guide on Mit PFA and get a concrete recommendation from PFA. We always recommend thinking long-term when choosing your investment profile. It is very difficult to time the market's peaks and troughs, so we recommend that you take the investment guide and follow the recommended investment profile – even through turbulent and volatile markets. Remember that pension is long-term savings, and the declines in prices that have occurred in 2025 come after two very good return years in 2023 and 2024.
Is it a good idea to change my investment profile/risk now?
If you feel insecure or unsure about your current investment profile, it is always a good idea to take the investment guide on Mit PFA and get a concrete personal recommendation from PFA. Once you have chosen your investment profile with the risk you are comfortable with, you should stick to your investment profile – even through volatile markets, as it is difficult to predict the market's peaks and troughs.
Why are there periods where trading is not possible at Mit PFA?
Under normal circumstances, you can trade at Mit PFA on weekdays during the normal opening hours from 10 AM to 4 PM. This can change during times of significant market turmoil, such as what we are experiencing right now. The reason is that the funds in PFA Invests, PFA Flexible, and You Invest often contain securities that are traded on many different markets around the world. These markets typically open for trading from 9 AM to 5 PM in their local time zones. Some funds in You Invest will usually only provide a price once a day.
If there is uncertainty about whether the available prices are accurate, PFA may choose to close the trading window entirely or partially and only execute your order when accurate prices are available again. This can happen during periods of market turmoil, as the price fluctuations are significantly larger than normal.
You can therefore confidently request your desired change at Mit PFA – even if the trading window is closed. It will be executed the next time it is possible to provide accurate prices for the change. For PFA to execute your change, it requires that PFA can provide accurate prices for all the funds relevant to the change simultaneously.
You can read more about the value of PFA funds in You Invest here
I have less than 5 years until retirement – what should I do?
If you are close to retirement and have one of our investment profiles (Low, Medium, or High), you currently benefit from risk reduction. The reduction means that part of the savings is invested in bonds, which are currently benefiting from falling interest rates. When interest rates fall, bond prices rise. A typical PFA customer close to retirement is therefore currently experiencing a limited negative return year-to-date.
At the same time, you can look forward to some good return years recently. If you are unsure whether you have the right risk on your savings, you can use our investment guide on Mit PFA to find the right balance between risk appetite and return potential.
Hear our private economist Camilla Schjølin Poulsen tell more about investment profiles and risk reduction
I have around 5 years until retirement – what should I do?
If you are close to retirement and have one of our investment profiles (Low, Medium, or High), you currently benefit from risk reduction. The reduction means that part of the savings is invested in bonds, which are currently benefiting from falling interest rates. When interest rates fall, bond prices rise.
At the same time, we are coming from a multi-year period with excellent returns, and despite the recent declines, a typical PFA customer can still look forward to a solid, long-term return. For example, looking at a five-year period, the return in PFA's recommended investment profile is 47 percent. If you are unsure whether you have the right risk on your savings, you can use our investment guide on Mit PFA to find the right balance between risk appetite and return potential.
Hear our private economist Camilla Schjølin Poulsen tell more about investment profiles and risk reduction
I have around 10 years until retirement – what should I do?
The recommendation is to stay calm and keep a cool head. If you are unsure whether you have the right risk on your savings, you can use our investment guide on Mit PFA to find the right balance between risk appetite and return potential. Remember that history shows that stocks and risky assets provide the highest returns in the long term. At PFA, we always closely monitor the markets and continuously adjust the investment portfolios. You just need to ensure that you have the right investment profile.
I have more than 20 years until retirement – what should I do?
Remember that history shows that stocks and risky assets provide the highest returns in the long term. The recommendation is to stay calm and keep a cool head. If you are unsure whether you have the right risk on your savings, you should take our investment guide on Mit PFA to find the right balance between risk appetite and return potential. At PFA, we always closely monitor the markets and continuously adjust the investment portfolios. You just need to ensure that you have the right investment profile.
