The new organisation tasked with procuring a limited range of investment funds for the premium pension system has launched its second tender, seeking a fund-analysis system.
The Fund Selection Agency (Fondtorgsnämnden), which only began operations on 20 June, said it is procuring a “fund analysis system/service” to support its monitoring of the funds to be listed on the premium pension fund marketplace (Fondtorget).
According to the announcement on the EU’s TED tendering website dated 11 July, the deadline for receipt of tenders or requests to participate is 18 August.
Earlier this month, the agency announced it had awarded its first tender – for consulting support – to Switzerland’s PPC Metrics.
The agency, which comes under the auspices of the Swedish Pensions Agency (Pensionsmyndigheten), will start the first procurements of funds in the second half of this year.
Alongside the much larger pay-as-you-go income pension, Sweden’s premium pension is part of the Nordic country’s state pension.
It operates as a defined contribution system of individual investment accounts, allowing individuals to invest part of their pension contributions via the default option of AP7’s life-cycle Såfa product, or choose from a range of private-sector funds listed on the fund marketplace.
The fund marketplace is now undergoing a thorough revamp, because of scandals over fraud and mis-management by some fund providers back when all applicants meeting certain criteria were in principle allowed to offer their products on the state platform.