LD Pensions

LD Pensions is responsible for both the Employees' Holiday Allowance Fund and the Cost-of-Living Allowance Fund. These are two funds operating under the same legal entity and the same parent organisation.

News

Get an overview of all the latest news from LD Pensions.

You can also choose to view news from just one of the funds – either the Employees’ Holiday Allowance Fund or the Cost-of-Living Allowance Fund.

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Who are LD Pensions?

In 2018, LD was tasked with managing the Holiday Allowance Fund. We therefore changed our name from LD to LD Pensions and now manage two separate funds. However, both funds are run by one and the same organisation.

Find out more about LD Pensions

The Holiday Allowance Fund

The new fund meets the needs of both employees and employers: it will secure employees’ holiday allowance whilst enabling employers to retain the funds.
The Holiday Allowance Fund
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The Holiday Allowance Fund

The Cost-of-Living Allowance Fund

The Cost-of-Living Allowance Fund manages assets of DKK 36 billion on behalf of just under 600,000 members. These funds originate from the frozen cost-of-living allowances which the fund received from the state in 1980.
The Cost-of-Living Allowance Fund
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The Cost-of-Living Allowance Fund
Investment

LD Pensions manages the assets of two funds. This provides economies of scale, whilst the funds remain two separate financial entities in LD Pensions.

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Reports

Find LD Pensions' annual report or one of its other financial reports.

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An important task

LD Pensions aims to ensure that both the Cost-of-Living Allowance Fund and the Holiday Allowance Fund grow as much as possible, thereby creating supplementary savings for members when they leave the labour market.

LD Pensions has managed the funds in the Cost-of-Living Allowance Fund since 1980. Around 40 years later, LD Pensions was given responsibility for the Employees’ Holiday Allowance Fund. Here too, the task is to safeguard employees’ funds whilst capitalising on the significant investment advantages offered by managing a collective fund.

News

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The Holiday Allowance Fund The Cost-of-Living Allowance Fund
Shares boosted returns despite rising interest rates

Shares boosted returns in the third quarter, whilst rising interest rates put pressure on bonds. Despite ongoing geopolitical turmoil, LD Pensions’ members have achieved positive returns.

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The Holiday Allowance Fund The Cost-of-Living Allowance Fund
A stronger focus on active ownership

LD Pensions has strengthened its active ownership. Its efforts are focused on those companies where dialogue and voting are considered to be of greatest relevance.

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The Holiday Allowance Fund The Cost-of-Living Allowance Fund
The stock markets boosted returns in the first half of 2026

With rising stock markets, LD Pensions has delivered solid returns for both member groups in the first half of the year.

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