Swedish roundup: Min Pension, Alecta, Folksam, Skandia
EUROPE – The Swedish Ministry of Health and Social Affairs has received a request from the German Embassy in Stockholm for German government representatives to learn how the Swedish national pension information portal Min Pension is run.
Min Pension, a collaboration between the Swedish government and the country's pension providers, is an online portal where Swedes can see the whole of their pension capital – including state, occupational and private funds – in one place.
According to correspondence between the two governments, Germany has plans to adopt a similar system.
German representatives are looking to speak with Ulf Kristersson, the Swedish minister for Social Security, as well as officials from Min Pension to learn how the system was implemented and how it has fared since then.
In other news, Alecta, the Swedish insurance and pension provider, has demanded an amendment to the statutes governing German company Rhön-Klinikum.
Alecta is seeking to remove the by-law stating that certain material decisions need a 90% shareholder approval.
Alecta argues that the provision is "no longer keeping with the times and unusual for corporate enterprises in Germany".
It also claims that the 90% requirement could impede the development of Rhön-Klinikum, and that abolishing the cause would be in the interest of all shareholders.
Alecta will put up the matter to a vote with fellow shareholders at Rhön's annual general meeting on 12 June.
If approved, the removal will open up Rhön to takeovers.
Meanwhile, at Folksam, Jens Henriksson is taking over as chief executive, joining from Nasdaq OMX Stockholm, where he held a similar role.
He replaces Anders Sundström, who announced he was stepping down to join the Folksam board earlier in the year.
Lastly, Raymond Chan has been recruited as senior actuary at Skandia, joining from PRI Pensionsgaranti.
PRI Pensionsgaranti secures, guarantees and administrates the pensions of its policy-holding companies.