SWEDEN – The city of Stockholm is tendering a roughly SEK30m (€3.2m) four-year occupational pension administration contract.

Insurance giant SPP Livförsäkring – a wholly owned subsidiary of Swedish bank Svenska Handelsbanken - is the current administrator of the scheme.

According to a spokesperson for the city’s executive office, administration of the pension fund has been outsourced for the past 13 years.

“The city finds that this kind of administration is suitable for outsourcing,” he said.

According to the spokesperson, the tender involves administration services for employees’ occupational pensions. The city has roughly 45,000 employees.

“No pension fund investment management are tendered for, only administrative services,” he said.

The tender notice states that services include custom software development, information technology and individual pension services.

No adviser will be used in the tendering and selection process. The contract will run for four years.

Tenders and requests to participate must be drawn up in Swedish. The closing date is July 4.

Last week, the Örebro municipality - the seventh largest in Sweden - tendered a SEK19m contract for a new pensions administrator as part of its four-yearly review.

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