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
Swedish Pensions Agency pushes back after watchdog’s Heimstaden Bostad censure
Finansinspektionen rules Pensions Agency failed in its risk control work, fell short of legal requirements to make the investment in the troubled residential firm
Sweden: What you need to know about the changes to the AP funds
Sweden’s SEK2trn buffer funds system is set for major change as the number of funds shrinks to three
Kåpan Tjänstepension makes first investment in IFAD sustainable bond
The proceeds of the issuance – SEK900m in total – will be used to finance IFAD’s development projects throughout the world
Alecta aims to become industry leader in risk management, after review
Swedish pension overtaken by AP7 as Sweden’s largest pension fund
AP3 tops Swedish buffer 2024 returns; AP6 still restrained by forex hedging
Big four national pensions buffer funds produce range of returns from 8.2% to 10.3%
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
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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
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Big Swedish providers raise pension switch worries
Pension transfers are big business in Sweden, and the market could be described as booming right now.
Swedish Pensions Agency pushes back after watchdog’s Heimstaden Bostad censure
Finansinspektionen rules Pensions Agency failed in its risk control work, fell short of legal requirements to make the investment in the troubled residential firm
Sweden: What you need to know about the changes to the AP funds
Sweden’s SEK2trn buffer funds system is set for major change as the number of funds shrinks to three
Kåpan Tjänstepension makes first investment in IFAD sustainable bond
The proceeds of the issuance – SEK900m in total – will be used to finance IFAD’s development projects throughout the world
Alecta aims to become industry leader in risk management, after review
Swedish pension overtaken by AP7 as Sweden’s largest pension fund
AP3 tops Swedish buffer 2024 returns; AP6 still restrained by forex hedging
Big four national pensions buffer funds produce range of returns from 8.2% to 10.3%
AMF returns 7.1% after boosting equity weighting, switching up real estate
Swedish blue-collar pension fund produced a 16.3% gain on equities in 2024, with alternatives returning 5%
Handelsbanken, Nordea win new mandates for Swedish premium pensions
Swedish FTN reveals winners in award of Nordic equity fund mandates, including two funds new to the platform
Alecta resumes efforts to find a chair, as Magnus Hall wins FSA approval
Swedish pensions giant announces Hall approved by watchdog, paving the way for his nomination and election
Folksam writes off Northvolt, but Heimstaden Bostad holding perks up
Swedish pensions and insurance group returns 8.0% on investments in 2024
Swedes win extra premium pension returns from agency’s changes
Pensions Agency adds inheritance gains and pension rights more frequently, with earlier ownership of assets leading to increased returns for individuals
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