annual report 2020 - Flipbook - Side 13
INDUSTRIENS PENSIONSFORSIKRING A/S ANNUAL REPORT 2020
Returns for members
All members who were not receiving a pension
on 1 June 2012 have their savings placed in a
lifecycle product on market-rate terms.
The lifecycle product means that the investment
risk of the individual member is reduced in line
with the member's age.
Investment assets are split into two subportfolios: an offensive portfolio and a defensive
portfolio, and the percentage for the individual
member depends on the age of the member.
Members up to 45 have their entire savings
placed in the offensive portfolio with higher risk.
After this, the percentage is reduced gradually
as the members becomes older.
return of DKK 1.4%. The total return before tax for
members in the lifecycle product was 5.3%.
The total return on the average-rate product,
which only includes members who had retired
on transition to market rate was 6.2% before tax.
In 2020, individual savings were allotted an
interest rate of 9% after tax, as well an
extraordinary bonus of 15%. The difference
between the interest accrued and the return
achieved is deducted from the collective bonus
Returns by age
In 2020, the return on the offensive portfolio was
5.9%, while the defensive portfolio yielded a
Risk by age