Legal information

LD Pensions is an independent institution established by statute in 1980. The institution is registered under CVR-no. 61552812 in the records of the Danish Business Authority.

LD Pensions is the legal entity managing two separate financial entities - the Cost-of-Living Allowance Fund (Lønmodtagernes Dyrtidsmidler) and the Holiday Allowance Fund (Lønmodtagernes Feriemidler), respectively.
LD Pension has no equity of its own and no shareholders. All assets and investment returns are allocated to the account holders.

The Cost-of-living Allowance Fund
According to LD Pensions Act no. 1109 of14 October 2014 as amended, the purpose of LD Pensions is to manage and disburse the means, which derive from payments of the “frozen cost-of-living allowance” from the Danish state to LD Pensions.

The means belong to a limited group of members employed in Denmark from August 1977 to August 1979. LD Pensions has not received any contributions since 1980.

Hence, there is no influx of new members, and the existing members cannot deposit additional funds. The members are members by law.

The Holiday Allowance Fund
By Act no. 58 of 30 January 2018 regarding management and administration of holiday receivables, LD Pensions was appointed as manager of the Employee’s Fund for Holiday Receivables. The Holiday Allowance Fund in everyday speech (Lønmodtagernes Feriemidler in Danish).

The means derive from earned holiday allowance, which are frozen in a financial entity. As a rule, the means will be disbursed upon retirement.

The means belong to the employees who earned holiday allowance from 1 September 2019 to 31 August 2020. After 31 August 2020, there was no new influx of members, and existing members cannot deposit additional funds.

The members are members by law.

LD Pensions' listed assets are predominantly invested in Kapitalforeningen LD is a capital association subject to AIFM regulation that is fully owned by LD Pensions.

LD Pensions' investment activities are therefore mainly conducted through Kapitalforeningen LD.

According to the LD Pension’s act, a board of directors and a CEO manage LD Pensions.

The Minister of Employment appoints the board of directors. Four members are appointed after recommendation by the Danish trade unions, and an additional three members are appointed directly by the minister.

More information about the board of directors can be found on our website:

The board of directors appoints the CEO, who is in charge of the day-to-day-management in LD Pensions.

LD Pensions belongs under the competence of the Ministry of Employment.

Furthermore, the Danish Financial Supervisory Authority (FSA) supervises LD Pensions’ compliance with respect to financial regulation.

LD Pensions is subject to the competence of the Parliamentary Ombudsman. The Public Administration Act and Public Records Act govern LD Pensions.

LD Pensions is not subject to AML regulation.

For information in respect of audited financial statements (only in Danish) we refer to our website: