Sweden’s Fund Selection Agency (Fondtorgsnämnden, FTN) said its next two procurements for funds to be offered on the premium pension system’s new platform are on track to be launched by the end of February.

The agency has already said the two tenders for global and European index funds would come out in early 2024 at the latest, but firmed up the date last week.

The FTN said: “The preparatory work is now in the final stages and is projected to be finished by the end of February.”

Documentation for the two procurements would be published on the procurement platform e-avrop, as well as on the FTN website, it said.

The agency has said there is currently SEK14bn (€1.24bn) and SEK40bn of premium pension savings allocated to these two categories, respectively, which gives an indication of the total mandate sizes now on offer.

The two index fund categories will constitute the FTN’s second and third tenders, with its inaugural tender having been launched at the end of June 2023 – for the management of around €11bn of actively-managed European equity funds. That process closed at the beginning of October, and the results have yet to be announced.

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