A for ansvarlighed

Når du møder dette særlige ikon, kan du få indblik i vores arbejde med ansvarlighed. Det kan for eksempel være viden fra vores egen verden om ansvarlige investeringer eller principper for god selskabsledelse, eller det være fakta om klima, miljø og sociale forhold fra eksterne kilder. God fornøjelse!

Now Members of Akademikerpension can elect to swap from Average Rate Scheme to Market Rate Scheme.

Average Rate Scheme is a sound product, giving members that which they most request, namely, a high return and stable payment. It is, however, also a product that is not necessarily easy to understand. In response to this, Akademikerpension has developed an alternative product with the same possibility of high return and stable pensions while at the same time being more transparent.

Greater transparency
The Average Rate Scheme places part of the total return in the collective equity while the remainder is put into your custody account. If you choose to switch to a Market Rate Scheme, your share of the collective equity will be added to your custody account.

With our new Market Rate Scheme product, the actually achieved return will be added to your custody account one-to-one. If the return goes up by 5%, so does your custody account. If the return drops, however, so will your custody account. This makes it easier for you to get an overview of your pension savings.

Flexibility and security
With a Market Rate Scheme, you have the exact same insurance cover in case of illness, disability and death as you already have with your Average Rate Scheme. You will also enjoy the flexibility in terms of adjusting your insurance products to suit your circumstances.

If you switch to the Market Rate Scheme, you will still be receiving stable payments when you retire. The payments are calculated as an average of the return for the past 10 years. This minimises the effect of any economic up- and downturns and gives you financial security.

Average Rate Scheme

With the Average Rate Scheme, your pension earns interest at a rate determined by the Board. You do not need to worry about market fluctuations or investment selection. Until 31 December 2016, all Akademikerpension members were placed on Average Rate Scheme.

Average Rate Scheme savings
For your Average Rate Scheme, your custody account receives monthly interest payments, known as the rate of interest. The rate of interest is determined once annually by the Board and is not the same as the actual return. The difference – positive as well as negative – between the actual return and the determined rate of interest is applied to the equity and will be paid out as supplementary pension. 

For the Average Rate Scheme, your custody account receives an interest rate after deduction of return tax (currently 15.3%) and investment costs. The rate of interest provides an averaged return.

During periods with higher returns than the rate of interest, the surplus is collected in the collective buffers. The collective buffers consist of the equity and the special bonus allocations.
Average Rate Scheme custody account
The custody account for the Average Rate Scheme consists of your savings and the addition of our rate of interest.

The custody account does not contain special bonus allocations or pension return tax (PAL).

Cover

  • Life-long pension, paid out from the time of retirement until death.
  • Disability pension, paid on loss of earning capacity of not less than 2/3 until the age of retirement. In case of a loss of earning capacity of between half and 2/3, half cover is payable. When receiving disability pension, there is a right to contribution exemption, ensuring continued saving for the age-related retirement pension, and unchanged death cover.
  • Spouse and cohabitant’s pension, to be paid out upon the death of the member and 10 years hence. The cover can be changed to life-long cover or de-selected prior to your 60th birthday.
  • Children’s pension, payable to the member’s children upon the death or disablement of the member until the child turns 21.
  • Optional death benefit in the event of death prior to your 67th birthday.
  • Group insurance, including payment in case of death, disablement, and certain critical illnesses.

Average Rate Scheme payment
The pension is paid out as basic pension and supplementary pension. Basic pension is conditionally guaranteed, while supplementary pension is not guaranteed.

The basic pension is based on a precondition of an Average Rate Scheme, currently 0%. The difference between the rate of interest and the conditional interest rate is called interest bonus. Your part of the equity and special bonus allocations is paid out as a supplementary pension together with the payment of the basic pension.

An interest element of 3.75%, called the calculation rate, has already been included in the pensions. It is therefore the difference between the return and the 3.75% that is being adjusted.
Administration cost price
The price is determined annually by the Board of Directors and is estimated at cost. Current costs are DKK 20 per month, 0.7% of deposits, and 0.00% of the custody account.

Insurance cover price
The price is determined annually by the Board of Directors and is estimated at cost. The price depends on the insurance cover you have selected.
Special bonus allocations
For Average Rate Scheme pensions, a sum equivalent to 5% of the payments to basic capital is allocated in the form of special bonus allocations. These funds are not part of the custody account, but are included in the collective capital. The collective capital of the pension fund covers all losses. The special bonus allocations are paid to the member upon retirement or surrender. Your share of the special bonus allocations can be seen in the custody account statement.

Market Rate Scheme

With the Market Rate Scheme, your custody account reflects the return at a one-to-one ratio. When you log in to mppension.dk, you can see the current return and keep up-to-date with your custody account on a monthly basis.

As of 1 January 2017, new Akademikerpension members shall be entered under the Market Rate Scheme. Members who currently have a Average Rate Scheme can elect to switch to a Market Rate Scheme as of 1 July 2017.

A risk profile to maximise the pension
Our Market Rate Scheme features a solidarity-based risk profile determined by the Board of Directors and is shared by all members. It is not possible to choose individual risk profiles since the purpose of the Market Rate Scheme product is to generate the highest possible return for you over the entire period.

Our Market Rate Scheme product is not scaled down in terms of risk, but will develop with the same risk profile throughout your life. In this way, you can reap the benefit of high risk assets when your custody account is at its highest level. This differs from a traditional Market Rate Scheme product which features low risk when the custody account is at its highest level.

Market Rate Scheme savings
Market Rate Scheme makes it easy for you keep up with your pension savings. With Market Rate Scheme, you get the exact same interest as we get from our investments.

The return is credited to your custody account at a one-to-one ratio. If the market goes up by 5%, your savings will go up at the same rate, just as your savings will drop if the market declines.

The actual return after investment costs – positive as well as negative – is applied on a monthly basis. You can see the current return by logging in to mppension.dk

Market Rate Scheme custody account
With the Market Rate Scheme, your custody account consists of your own savings, the addition of our return, and any due pension return taxes (PAL), which is settled with the Danish tax authority, SKAT, but earns interest in your custody account.

The custody account does not contain any special bonus allocations.

Cover

  • Life-long pension, paid out from the time of retirement until death.
  • Disability pension, paid on loss of earning capacity of not less than 2/3 until the age of retirement. In case of a loss of earning capacity of between half and 2/3, half cover is payable. When receiving disability pension, there is a right to contribution exemption, ensuring continued saving for the age-related retirement pension, and unchanged death cover.
  • Spouse and cohabitant’s pension, to be paid out upon the death of the member and 10 years hence. The cover can be changed to life-long cover or de-selected prior to your 60th birthday.
  • Children’s pension, payable to the member’s children upon the death or disablement of the member until the child turns 21.
  • Optional death benefit in the event of death prior to your 67th birthday.
  • Group insurance, including payment in case of death, disablement, and certain critical illnesses.

Market Rate Scheme payment
The Akademikerpension Market Rate Scheme product includes an adjustment mechanism to ensure that the actual investment return is spread out over a 10-year period. When you leave the job-market, therefore, you are secure against large payment fluctuations. You will only experience limited fluctuations, giving your financial security, irrespective of market developments.

The 10-year adjustment mechanism is very robust to market fluctuations: Seen over a very long period of history, 1927-2013, there have been 3-4 market events where the 10-year adjustment has resulted in a minor reduction in pension payments for a short period of time.

The 10-year period has been chosen as it results in significantly smaller fluctuations than, say, a 5-year period would do. The 10-year period may, however, be changed in the future, if the need for this should arise.

The Market Rate Scheme is not guaranteed.

An interest element of 3.75%, called the calculation rate, has already been included in the pension. It is therefore the difference between the return and the 3.75% that is being adjusted.

Administration cost price
The price is determined annually by the Board of Directors and is estimated at cost. Current costs are DKK 20 per month, 0.7% of deposits, and 0.00% of the custody account.

Insurance cover price
The price is determined annually by the Board of Directors and is estimated at cost. The price depends on the insurance cover you have selected.

Special bonus allocations
For Market Rate Scheme, a sum equivalent to 2% of the payments to basic capital is allocated in the form of special bonus allocations. These funds are not part of the custody account, but are included in the collective capital. The collective capital of the pension fund covers all losses. The special bonus allocations are paid to the member upon retirement or surrender. Your share of the special bonus allocations can be seen in the custody account statement. 

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