Members

LD does not receive payments from the members, but disburses the savings to the members. LD is under long-term liquidation which is decisive for the fund's strategy. LD's board continuously discusses the future strategy of LD and makes decisions about initiatives which will ensure that LD's long-term liquidation happens in a way which always benefits the interest of the members.

Since 1 January 2000, LD's members have been able to invest their savings in investment pools. It is now possible to choose between 10 different pools of which four are offered by the four largest mutual funds in Denmark. Members, who do not choose pools, invest all their savings in the large joint portfolio, LD Discretionary Investments. The pool assets represent about 10 % of LD's total assets.

At the end of 2009 the member group, who had chosen individual pool selection, comprised 12.6 per cent.

The major part of LD's members has placed their total savings in LD Discretionary Investments, and the return on this large member group was 13 per cent in 2009.

Since 2006 the annual number of disbursements have gradually increased concurrently with a larger group of members have reached retirement age. The disbursements comprised a total of DKK 4,164 m in 2009.

At the end of the year the proportion of members, who were 60 years old and thus qualified to receive disbursements, comprised 24.5 per cent of the members.

The savings of the members, who were 60 years old by 31 December 2009, comprised 29.6 per cent of LD's assets.