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’s AP funds hit back after booby prize from journalists
Buffer funds named ‘Roller Blind of the Year’ by Association of Investigative Journalism for lack of transparency over investment losses on failed battery firm Northvolt
Sweden’s FTN rebuts legal challenge over €18bn fund procurement
FTN dismisses all Indecap Fonder’s claims in its application to overturn results of agency’s largest procurement
AP7 raises bar for gender diverse boards in Japan, India in new voting policy
Swedish pensions giant updates voting policy for 2026 AGMs for its 2,000-company portfolio
Alecta’s future as ITP provider hangs in balance after regulator ruling
‘In worst-case scenario’, Sweden’s largest pension fund could be removed as provider of key occupational pension scheme
Swedish funds agency plans launch of €2.7bn healthcare/biotech tender
FTN says comparative returns data for first tracker procurement shows premium pension reform set to deliver average 0.5% point higher returns
Alecta agrees with FSA’s SEK50m fine for Heimstaden Bostad failings
Swedish pensions giant found at fault for pouring SEK50bn into residential investment where agreement was skewed from the start
AP Funds need more staff to handle and grow illiquids exposure, says Arkwright
Swedish buffer funds’ proportion of illiquid assets increased by only three percentage points in seven years, report says
Swedish investors react as Ericsson drops gender diversity targets
Several of the country’s largest pension funds, including the AP Funds, described the move as disappointing
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’s AP funds hit back after booby prize from journalists
Buffer funds named ‘Roller Blind of the Year’ by Association of Investigative Journalism for lack of transparency over investment losses on failed battery firm Northvolt
Sweden’s FTN rebuts legal challenge over €18bn fund procurement
FTN dismisses all Indecap Fonder’s claims in its application to overturn results of agency’s largest procurement
AP7 raises bar for gender diverse boards in Japan, India in new voting policy
Swedish pensions giant updates voting policy for 2026 AGMs for its 2,000-company portfolio
Alecta’s future as ITP provider hangs in balance after regulator ruling
‘In worst-case scenario’, Sweden’s largest pension fund could be removed as provider of key occupational pension scheme
Swedish funds agency plans launch of €2.7bn healthcare/biotech tender
FTN says comparative returns data for first tracker procurement shows premium pension reform set to deliver average 0.5% point higher returns
Alecta agrees with FSA’s SEK50m fine for Heimstaden Bostad failings
Swedish pensions giant found at fault for pouring SEK50bn into residential investment where agreement was skewed from the start
AP Funds need more staff to handle and grow illiquids exposure, says Arkwright
Swedish buffer funds’ proportion of illiquid assets increased by only three percentage points in seven years, report says
IPE NORDIC REGION BEST PENSION FUND WINNERS
Denmark
- 2024 - PenSam
Sweden
- 2024 -Fjärde AP-fonden (AP4)
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