Annual Report IPF 2021 - Flipbook - Side 13
INDUSTRIENS PENSIONSFORSIKRING A/S
ANNUAL REPORT 2021
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 50 have their entire savings placed
in the offensive portfolio with higher risk. After
this, the percentage is reduced gradually as the
members become older.
In 2021, the return on the offensive portfolio was
22.8%, while the defensive portfolio yielded a
return of 1.3%. The total return before tax for
members in the lifecycle product was 18.7%.
INVESTMENT ACTIVITIES
Figure 3
Returns by age
21.0%
The total return on the average-rate product, which
only includes members who had retired on
transition to market rate was 6.5% before tax. In
2021, individual savings were allotted an interest
rate of 3.5% after tax. The difference between the
interest accrued and the return achieved is
transferred to the collective bonus potentials.
15.8%
10.8%
Figure 2 Allocation of risk by age
5.3%
4.5%
3.6%
50 years
60 years
70 years
20 years 30 years 40 years 50 years 60 years 70 years 80 years 90 years
Offensive portfolio
Defensive portfolio
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