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.
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
Pension fund/entity | Assets (€’000)
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Citing ‘perfect storm of negative market conditions’, Danish renewable energy firm enters restructuring to rebuild capital base and stabilise the business
Danish statutory pensions giant’s CEO declines to rule out investing more in stricken battery Swedish firm
Sweden’s biggest pension fund decides to reduce required funding level for surpluses to be transferred to employers
Swedish pension fund argues billionaire Ivar Tollefsen’s investments in new subsidiary went against Heimstaden Bostad shareholder agreement
Swedish agency firms up running order of 2025 procurements plan; extends deadline for active global equity tender currently under way
Company | Assets (€m)
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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Nordic Region
Pension transfers are big business in Sweden, and the market could be described as booming right now.
Citing ‘perfect storm of negative market conditions’, Danish renewable energy firm enters restructuring to rebuild capital base and stabilise the business
Danish statutory pensions giant’s CEO declines to rule out investing more in stricken battery Swedish firm
Sweden’s biggest pension fund decides to reduce required funding level for surpluses to be transferred to employers
Plus: Clarity for Icelandic pension funds on legal situation around provisions for changed life expectancy; Sweden’s financial watchdog on increased pension transfers
Swedish pension fund argues billionaire Ivar Tollefsen’s investments in new subsidiary went against Heimstaden Bostad shareholder agreement
Swedish agency firms up running order of 2025 procurements plan; extends deadline for active global equity tender currently under way
Europe not doomed by the US political shift, says former Swedish prime minister Fredrik Reinfeldt
Politicians ‘face a big challenge’ if they are to protect the principle of pension being based on income from entire working life, pension provider says
Swedish municipal pension fund adds voice to warnings over growing transfer activity
Sweden’s DC buffer fund is boosting internal capacity and embarking on a hiring spree as it seeks to adapt to a harsh new investment environment