Sweden: Pensions and Investment News and Analysis
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.
Pension Funds in the Nordic Region - Country Report
Nordic Region Report 2024: Denmark’s government urges pension funds to support defence
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
TOP SWEDISH PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- Alecta Pensionsförsäkring | 111,831,667
- Sjunde AP-fonden (AP7) | 98,770,760
- AMF | 74,485,838
- Fjärde AP-fonden (AP4) | 45,065,237
- Tredje AP-fonden (AP3) | 44,875,328
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
AP7 loses patience with Tesla’s labour conduct, divesting €1.2bn
Swedish pensions giant set to make more climate exclusions as a result of upcoming policy change
Swedish agency reveals specs for this autumn’s €11bn tech funds procurement
FTN says it will invite tenders for global active technology equity funds in late September, early October at the earliest
Northvolt fiasco prompts Swedish government review of AP funds’ unlisted methods
Consultancy Arkwright tasked with in-depth analysis of how the buffer funds invest in unlisted assets
Swedish government to reform basic pension security after failings flagged
Complexity of current system risks leaving people with wrong level of benefit or none at all, says state pension administrator’s director general
Sweden uses watchdog to squeeze fund fees, citing FTN pensions achievement
Ministry’s example shows procured premium pension funds cost less than a quarter of the same funds outside the platform
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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IPE BEST PENSION FUND IN THE NORDIC REGION AWARD WINNERS
Nordic Region
- 2023 - The Swedish Fund Selection Agency
Denmark
- 2022 - Industriens Pension
- 2021 - PensionDanmark
- 2020 - PensionDanmark
- 2019 - ATP | PensionDanmark
Norway
- 2022 - KLP
Sweden
- 2022 - Alecta pension insurance, mutual
- 2021 - Fjärde AP-fonden (AP4)
- 2020 - Fjärde AP-fonden (AP4)
- 2019 - Swedish Pensions Agency
Interviews
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Big Swedish providers raise pension switch worries
Pension transfers are big business in Sweden, and the market could be described as booming right now.
AP7 loses patience with Tesla’s labour conduct, divesting €1.2bn
Swedish pensions giant set to make more climate exclusions as a result of upcoming policy change
Swedish agency reveals specs for this autumn’s €11bn tech funds procurement
FTN says it will invite tenders for global active technology equity funds in late September, early October at the earliest
Northvolt fiasco prompts Swedish government review of AP funds’ unlisted methods
Consultancy Arkwright tasked with in-depth analysis of how the buffer funds invest in unlisted assets
Swedish government to reform basic pension security after failings flagged
Complexity of current system risks leaving people with wrong level of benefit or none at all, says state pension administrator’s director general
Sweden uses watchdog to squeeze fund fees, citing FTN pensions achievement
Ministry’s example shows procured premium pension funds cost less than a quarter of the same funds outside the platform
Nordic pension funds hold off on dialling down strategic US exposure
Danish pension funds favoured European equities in Q1, central bank data shows
AP1 chief lauds team spirit as Swedish parliament seals buffer fund’s fate
Minister says having fewer AP funds will make it easier to follow up and evaluate their operations
Swedish Pensions Agency hires new analysis chief to fill Settergren’s shoes
Appointee Kristian Seth says pension system is ‘crown jewel in the Swedish economy to be protected and nurtured’
Nordic pension funds vow pressure on Equinor after AGM ‘disappointment’
‘Equinor is clearly moving in the wrong direction,’ says Sampension ESG chief; KLP rejects divestment
IPE Nordic Briefing: Sweden’s buffer funds feel heat over Northvolt investment
Plus: Sweden’s all-party Pensions Group mulls over reforms; Oslo university professor takes chair role at expert council to advise Norway’s SWF
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