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The EU needs a few more AP7s
Europe sure does not have a savings problem – EU household savings amounted to €1.4trn in 2022 versus €840bn in the US. What Europe does have, though, is a glut of bank savings capital that serves as a double bind.
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Sweden’s AP7, AP2, AP3 back World Bank’s SEK2.6bn EM blue bond
Bond issue designed to promote ocean-friendly projects and improve access to clean water and sanitation in emerging markets
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AP7, USS, Church of England among 27 calling for urgent biodiversity action
Biodiversity loss is a ‘systemic risk which investors cannot avoid through diversification’, says AP7
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AP7 joins call for US states to cut oil/gas sector methane emissions
Swedish national pension fund said reducing methane leaks from oil and gas industry is ‘one of cheapest ways to reduce GHG emissions quickly’
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AP7 beats private funds in 2023, while AP6 profits in slow market
Two Swedish national pension funds with very different mandates publish 2023 results
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AP7 divests €100m of largely Chinese oil and coal stocks
Swedish premium pension default provider says coal phase-out is ‘single most important measure to curb climate change’
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AP7 starts distributing surpluses to savers to keep fees stable
Swedish default fund for premium pension finds solution to excess-money quandary as asset management surpluses grow
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AP7 beats private premium pension funds with 16.1% return in first half
State-operated pension fund produces higher return than the 14.9% average of privately-run investment options
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Sweden’s AP7 adapts by expanding asset classes and boosting staff numbers
Under new leadership, Sweden’s default fund in the premium pension system is expanding asset classes and personnel
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AP7’s Såfa lifecycle model ripe for redesign, official report concludes
Firm says phasing out risk means high cost in terms of lower pensions
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Swedish pensioner groups warn against political meddling with AP fund structure
AP7 disagrees with proposal to slim AP fund boards down to seven members
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AP7’s head of strategy quits for Nordic family offices role at Deutsche
Pontus von Essen leaves Swedish national pensions giant after more than six years
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AP7 CIO absorbs strategy chief role after von Essen departure
Swedish premium pension default operator busy hiring in ‘exciting phase’ of planning future strategy
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Alecta continues to improve governance and culture, posts 7.7% H1 return
First half of 2024 ‘has been marked by the events in 2023 that damaged confidence in us’, says Swedish pensions giant
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AP7 notches up legal success against Kraft Heinz
In May 2023, Sweden’s AP7 fund recorded a significant victory for Swedish and other investors when US food giant Kraft Heinz agreed to settle a class action lawsuit for $450m (€421m).
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Sweden’s tech-heavy AP7 trumpets 17.7% first half return
Buffer fund AP2 lags peers with 4.8% H1 gain; pensions firm Folksam reports 5.6%
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Sweden’s AP buffer funds criticise government proposals to merge them
AP1, AP2 argue that it’s impossible to say whether restructuring should happen, since government proposals are ‘incomplete’ or have ‘decisive flaws’
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Finnish pension majors generate 7%-plus returns on strong equities
Global economic development outlook poses challenges for the actions of the central banks, says Keva CIO
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AP3 leads Swedish buffer fund first-half returns, despite Thames Water hit
As Stockholm buffer funds await decision on merger, AP3’s 7.1% January-to-June return beats AP1, AP2 and AP4
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AP7’s coal blacklist grows again, while ban on other stocks expires
Swedish pensions default fund describes blacklisting as engagement tool