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

Latest Sweden News

AP7 joins call for US states to cut oil/gas sector methane emissions

2024-10-18T11:30:00+01:00By Rachel Fixsen

Swedish national pension fund said reducing methane leaks from oil and gas industry is ‘one of cheapest ways to reduce GHG emissions quickly’

Alecta’s DC product returns 8.7% as equities rally, bonds priced higher

2024-10-18T08:00:00+01:00By Rachel Fixsen

Swedish occupational pensions major sees asset total grow to SEK1.33trn by end September

Alecta wins five more years as FTP default provider

2024-10-16T10:45:00+01:00By Rachel Fixsen

Swedish pensions giant trims fees further on its DC traditional pension product, and wins new €400m contract within financial-sector scheme

Netherlands retains top spot in Mercer pension ranking

2024-10-15T12:41:00+01:00By Tjibbe Hoekstra and Rachel Fixsen

Top three countries retain places despite slightly lower ranking compared with 2023 figures

ATP chief says Northvolt crisis is ‘wake-up call for Europe’

2024-10-14T10:00:00+01:00By Rachel Fixsen

Pension fund CEO warns that European green transition technology needs public money or China and US will dominate

All Sweden News

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}

©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report

IPE European Pension Fund Awards

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

Find out more about the IPE awards and how to be involved

Interviews

Sweden Comment

Sweden’s Alecta seems immune from criticism but beware the watchdog

By Rachel Fixsen

Right now, Alecta cuts a strange figure – one of Europe’s biggest pensions institutions wounded after gaping investment losses, and sustaining still worse injuries from the monopolistic hubris it leaves in its wake.

All Sweden Comment