The total return on Danish pension savings ended at kr. 251 billion for 2020 – equivalent to an annual return of approximatively 6.1 per cent. The positive return was not given in the spring, when the corona crisis led to large declines in the financial markets and thus also in the return on Danish pension savings. In March, when it looked the worst, the Danes expected a total loss on their pension savings of kr. 255 billion.