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

Dog sled-dennis-zhang-CeH6kaEhlCQ-unsplash

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)

  1. Sjunde AP-fonden (AP7) | 125,029,388
  2. Alecta Pensionsförsäkring | 121,161,572
  3. AMF | 73,990,350
  4. Fjärde AP-fonden (AP4) | 49,477,495
  5. Tredje AP-fonden (AP3) | 47,850,056

©IPE Research;  View the Top 1000 European Pensions Funds 2025 for a comprehensive market overview

TOP MANAGERS: NORDIC REGION INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. SEB | 65,000*
  2. BlackRock | 61,541
  3. DNB Asset Management | 53,712**
  4. Nordea Asset Management | 52,442
  5. Storebrand Asset Management | 35,386***
  6. State Street Global Advisors | 29,768
  7. Nykredit Asset Management | 26,163
  8. Northern Trust Asset Management | 22,607
  9. Morgan Stanley Investment Management | 8,936*
  10. Amundi | 8,344

As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22

©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report

IPE European Pension Fund Awards

IPE NORDIC REGION BEST PENSION FUND WINNERS

Denmark

  • 2024 - PenSam

Sweden

  • 2024 -Fjärde AP-fonden (AP4)

Find out more about the IPE awards and how to be involved