LD Pensions is an independent institution established by law in 1980 as Dyrtidsfonden, with the aim of managing and disbursing funds from government payments comprising certain cost-of-living allowances. In 2018, LD Pensions was assigned the management of The Holiday Allowance Fund with the aim of managing and disbursing funds from accrued holiday entitlements.
The two funds operate under the same legal entity and have the same management structure and business model. However, the funds are separate financial entities within LD Pensions, which is the legal entity.
The investment partnership between the two funds ensures low costs and access to qualified investment advisers from day one in all key areas.
The two funds are two separate financial entities, both of which are covered by LD Pensions’ asset management and financial reporting. Kapitalforeningen LD is a key unit in investment activities and risk management.
Day-to-day administration
LD Pensions organises the provision of services to its clients, including both members and employers, in collaboration with external Partners.
LD Pensions has entered into an agreement with ATP to handle the day-to-day administration of payments from employers and payouts to members of the Employees' Holiday Allowance Fund. LD Pensions has entered into an agreement with Netcompany to provide pension services to members of The Cost-of-Living Allowance Fund. In the areas of investment and finance,
too, day-to-day administration is carried out in close collaboration with external partners. Get an overview of our Partners here:
Legislation
LD Pensions is regulated by the Cost-of-Living Allowance Fund Act (the LD Act) and the Act on the Management and Administration of Accrued Holiday Allowance, as well as a number of executive orders. The taxation of the funds is governed by general tax legislation. LD Pensions falls within the remit of the Ministry of Employment and is further regulated by the Danish Financial Supervisory Authority, which supervises LD Pensions’ compliance with financial regulations.
The Employees’ Cost-of-Living Fund is the legal entity responsible for managing both the cost-of-living allowance funds and the holiday allowance funds. The Employees’ Cost-of-Living Fund uses the secondary name LD Pensions.
The LD Investment Association (KLD) is owned by LD Pensions and provides a platform for outsourcing investment management tasks.
On Retsinformation.dk, you can find, amongst other things, the full text of the LD Act.
