IPE's Sweden Coverage – Page 58
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NewsSwedish roundup: AP7, AP6, KVD Kvarndammen, Peter Norman, Handelsbanken
SWEDEN – Richard Gröttheim is taking over as chief executive at AP7 following the departure of Peter Norman, who joined the government as financial markets minister.
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NewsSwedish roundup: Folksam, Svenska Lärarfonder, Skandia, Finansinspektionen, KP Pension, Handelsbanke
SWEDEN – Pension and insurance provider Folksam is to buy the insurance portfolio of Svenska Lärarfonder, the Swedish teachers’ fund manager, from rival pension and insurance company Skandia.
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NewsSwedish roundup: AP3, BlackRock, JP Morgan, AXA, M&G, Folksam
SWEDEN – AP3, Sweden's SEK209bn (€22bn) national buffer fund, has appointed 14 new regional corporate bond managers.
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NewsSwedish roundup: EC on pension fund tax rules, SEB Trygg Liv Gamla, PP Pension, AP7, Al Gore
SWEDEN – The European Commission has urged Sweden to change its tax rules governing pension funds, which it says are discriminatory because they favour domestic funds over foreign ones.
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NewsNordic roundup: Skagen Fonder, PPM, Gjensidige, Alecta, AMF, Länsförsäkringar
EUROPE – Skagen Fonder, the largest foreign manager within the Swedish premium based state pension system PPM, is considering withdrawing its funds from the system.
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NewsAssets at Nordea's Life & Pensions division surge by 19%
EUROPE – Nordea's Life & Pensions division saw a significant rise in the value of assets under management in the third quarter of this year, which the Nordic and Baltic banking group attributed to asset price growth, as well as net inflows.
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NewsSwedish roundup: Skandia Liv, Handelsbanken Liv, Swedbank, AI Pensions, AP7
SWEDEN – Skandia Liv, the life and pensions insurer, returned 6.7% for the first nine months of the year as a result of its high real estate holdings, which posted returns of 8.9% for the period.
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NewsSwedish roundup: Alecta, Swedish Church Pension Fund
SWEDEN – According to a survey by Alecta, the pension and insurance provider, more than half of Sweden's entire working population (61%) would consider declining a salary increase in favour of higher occupational pensions.
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NewsNordic roundup: PIMCO, Storebrand, Catella Fondförvaltning, Söderberg & Partners, AI Pension
EUROPE – PIMCO, the US bond specialist, has appointed Storebrand, the Norwegian pension and insurance provider, for the SRI screening of one of its new bond funds, the PIMCO Emerging Markets SRI Bond.
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NewsNordic roundup: AP1, AP6, F&C Asset Management, Collectum, SPP, Finnish Centre for Pensions
EUROPE – AP1, one of the Swedish national buffer funds, posted net investment income of SEK2.3bn (€247m) after expenses, representing a total return of 1.1% during the first six months of the year.
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NewsSwedish roundup: Skandia Liv, AMF, Folksam Liv, Alecta, PP Pension, Länsförsäkringar
SWEDEN – Total returns at Skandia Liv, the life and pensions insurer, reached 4.4% during the first half, equivalent to a 15.2% return for the last 12 months.
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NewsSweden's AP funds see returns, profits fall in first half
SWEDEN – Three of the four Swedish national buffer funds saw returns and profits fall in the first half compared with the same period last year.
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NewsSwedish roundup: Pensionsmyndigeten, AP, Alecta, KPA, Folksam Liv
SWEDEN – The premium income at Pensionsmyndigeten, the Swedish Pensions Agency, has increased fivefold to SEK968.8m (€101.6m) for the first half of 2010, compared with SEK190.4m during the same period last year.
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NewsNordic roundup: Pension Fennia, Etera
FINLAND – Pension Fennia and Etera have announced results for the first half of the year, with Pension Fennia's chief investment officer saying the economic outlook looks "exceptionally unstable".
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Swedish roundup: SPP, Storebrand, SEB
SWEDEN – Swedish insurer SPP lost SEK206m (€21.7m) in the second quarter, while SPP’s parent, Storebrand, lost NOK39m (€4.8m). Meanwhile, operating profit at SEB Trygg Liv came to SEK349m over the same period.
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Swedish roundup: KPA, Folksam, Länsförsäkringar, SIFA
SWEDEN - Swedish pension providers have continued to show positive numbers for the first quarter.
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NewsSwedish roundup: AP7, solvency levels, Q1 performance, AMF survey
SWEDEN – AP7, the national buffer fund with a mandate to manage assets within the Swedish premium pension system (PPM), will close its premium choice (Premievalsfonden) and default (Premiesparfonden) funds this month and begin managing two new low-cost equity and fixed income funds.
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Swedish and Norwegian business boosts Danica pension premiums
NORDICS – Danica benefited from increased pension premiums in Sweden and Norway during the first quarter, while posting positive returns across its pension products.
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Swedish roundup: AP7, Hendelsbank, Nordea, SEB, Swedbank
SWEDEN - AP7 has appointed Normura Asset Management to run an alpha investment strategy focusing on Asia and Japan.
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Alecta’s returns 3.4% for Q1 and cuts costs
SWEDEN - Swedish pension provider Alecta returned 3.4% for the first quarter of 2010, marking a significant improvement on its negative performance for the same period last year, but also below its five-year average.
