Workplace pension provider Alecta hit the Swedish headlines for all the wrong reasons recently – first due to a sell-off in US equities. Then came a governance issue; then a write down in local property holdings. As Alecta seeks to repair the reputational damage, commercial providers like Skandia are calling for a more commercially friendly open fund platform in this part of the workplace pension system, place of the current single provider scheme. Yet Sweden has spent the best part of a number of years rolling back and simplifying its Premium Pension system (part of the state pension), where an open platform led to unsuitable fund listings and over complexity. Meanwhile a reform of the main Swedish buffer funds could see the number reduced from five to three.
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
Pension fund/entity | Assets (€’000)
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Swedish buffer fund says internal reorganisation has already improved collaboration between departments
Swedish premium pension default fund reports leverage and weaker krona magnified strong stockmarket last year
AP1, the €41.4bn fund facing liquidation after 25 years, ‘will begin implementing the change’, says CEO Kristin Magnusson Bernard
Pensions group backs proposal to axe AP1 and merge AP6 into AP2
Swedish premium pension procurement agency says goal is to maximise accurately completed tenders, which is best for the industry
Company | Assets (€m)
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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Nordic Region
Pension transfers are big business in Sweden, and the market could be described as booming right now.
Swedish buffer fund says internal reorganisation has already improved collaboration between departments
Swedish premium pension default fund reports leverage and weaker krona magnified strong stockmarket last year
AP1, the €41.4bn fund facing liquidation after 25 years, ‘will begin implementing the change’, says CEO Kristin Magnusson Bernard
Pensions group backs proposal to axe AP1 and merge AP6 into AP2
Swedish premium pension procurement agency says goal is to maximise accurately completed tenders, which is best for the industry
Swedish Fund Selection Agency pushes deadline for active global equity tender back for second time, citing ‘ambiguities’ in the RFP
Swedish pensions group and municipal pension fund subsidiary follow NZAOA requirements to establish 50% emission reduction targets for investment assets
Ole Settergren to remain at the agency until a replacement takes over
Gothenburg-based buffer fund poaches Länsförsäkringar CIO to fill gap after losing Erik Kleväng Callert to SEB Trygg Liv
Sweden’s biggest state pension fund to meet world’s largest asset manager ‘to better understand’ decisions after BlackRock fled net zero alliance