Sweden Investment and Pensions
Sweden’s pension reform agenda has included a structural reform of the buffer funds AP1-4 and the private equity focused AP6, including a review of how they manage their illiquid investments following the Northvolt debacle, a proactive platform-level fund selection and scrutiny of passive capital’s corporate impact.
Pension Funds in the Nordic Region - Country Report
Nordic Region pension funds report 2025: ATP hits back at critics on risk structure
An academic discussion in a leading business journal has spilled over into a fully fledged debate with the fund’s leadership
TOP SWEDISH PENSION FUNDS 2025
Pension fund/entity | Assets (€’000)
- Sjunde AP-fonden (AP7) | 125,029,388
- Alecta Pensionsförsäkring | 121,161,572
- AMF | 73,990,350
- Fjärde AP-fonden (AP4) | 49,477,495
- Tredje AP-fonden (AP3) | 47,850,056
©IPE Research; View the Top 1000 European Pensions Funds 2025 for a comprehensive market overview
Sweden mulls changing AP funds’ illiquid asset rules after Northvolt lessons
AP4 welcomes review, and says buffer fund is already addressing several of report’s main recommendations
AP7 excludes 600 companies in response to ‘unpredictable world’
Swedish pension fund said that current geopolitical and economic uncertainty had prompted a rethink of its strategy
AP2 strengthens human rights, deforestation and climate requirements for external managers
Swedish pension fund’s latest sustainability report reveals efforts across unlisted assets including private equity and real estate
National pensions tracking experts see limited scope for integrated European service
Creating a pensions tracking service “not a development that can take place from one day to another”, says Dan Adolphson Björck of Sweden’s minPension
IPE Nordic Briefing: Alecta keeps ITP mandate despite FSA fine
Plus: Norway’s NBIM on the importance of AI technology and US tech stocks concentration
Alecta off the hook after ITP panel opts not to cancel major mandate
Swedish occupational pensions giant finally receives confirmation worst potential outcome of 2023 crisis avoided
Swedish watchdog to probe individual occupational pensions, amid steep fees alarm
Procurement has squeezed fund fees in the premium pension and ITP schemes, but corresponding funds are costlier in individual schemes, FI warns
Indecap expands legal objections to Swedish agency’s €18bn tender
‘This is about whether the system works as intended, not about an individual company or Indecap’s bid,’ says Mats Lagerqvist, Indecap’s CEO
TOP MANAGERS: NORDIC REGION INSTITUTIONAL ASSETS
Company | Assets (€m)
- SEB | 65,000*
- BlackRock | 61,541
- DNB Asset Management | 53,712**
- Nordea Asset Management | 52,442
- Storebrand Asset Management | 35,386***
- State Street Global Advisors | 29,768
- Nykredit Asset Management | 26,163
- Northern Trust Asset Management | 22,607
- Morgan Stanley Investment Management | 8,936*
- Amundi | 8,344
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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Sweden mulls changing AP funds’ illiquid asset rules after Northvolt lessons
AP4 welcomes review, and says buffer fund is already addressing several of report’s main recommendations
AP7 excludes 600 companies in response to ‘unpredictable world’
Swedish pension fund said that current geopolitical and economic uncertainty had prompted a rethink of its strategy
AP2 strengthens human rights, deforestation and climate requirements for external managers
Swedish pension fund’s latest sustainability report reveals efforts across unlisted assets including private equity and real estate
National pensions tracking experts see limited scope for integrated European service
Creating a pensions tracking service “not a development that can take place from one day to another”, says Dan Adolphson Björck of Sweden’s minPension
Swedish pension company SEB Gamla Liv rethinks investment strategy
Stockholm-based pension company SEB Gamla Liv is contemplating solutions to maintain its trademark strategy of a large allocation to illiquid assets. CEO Erik Kleväng Callert talks to Caroline Liinanki
IPE Nordic Briefing: Alecta keeps ITP mandate despite FSA fine
Plus: Norway’s NBIM on the importance of AI technology and US tech stocks concentration
Alecta off the hook after ITP panel opts not to cancel major mandate
Swedish occupational pensions giant finally receives confirmation worst potential outcome of 2023 crisis avoided
IPE NORDIC REGION BEST PENSION FUND WINNERS
Denmark
- 2024 - PenSam
Sweden
- 2024 -Fjärde AP-fonden (AP4)
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