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
Sweden names duo to oversee Stockholm, Gothenburg AP fund mergers
Eva-Lena Norgren, Niklas Johansson appointed as coordinators of the complex upcoming national pension fund fusions
Arkwright warns of AP7’s concentration risk and limited tools to stem downturns
Officially-commissioned report on AP funds criticises AP2 for lacking return target and calls for more resources for buffer funds’ illiquid investment teams
Swedish tender for €4.5bn small-cap mandates
Manager search covers actively managed funds in national framework
Swedish Pensions Agency and FTN seek sustainability analysis systems
Pensions and fund selection agencies work together to procure two off-the-shelf systems for sustainability analysis of portfolios and securities
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
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.
Sweden names duo to oversee Stockholm, Gothenburg AP fund mergers
Eva-Lena Norgren, Niklas Johansson appointed as coordinators of the complex upcoming national pension fund fusions
Arkwright warns of AP7’s concentration risk and limited tools to stem downturns
Officially-commissioned report on AP funds criticises AP2 for lacking return target and calls for more resources for buffer funds’ illiquid investment teams
Swedish tender for €4.5bn small-cap mandates
Manager search covers actively managed funds in national framework
Swedish Pensions Agency and FTN seek sustainability analysis systems
Pensions and fund selection agencies work together to procure two off-the-shelf systems for sustainability analysis of portfolios and securities
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
Alecta CEO: ‘It’s taken a lot of blood, sweat and tears, but we are on the right track’
Peder Hasslev’s has made a variety of investment strategy changes, including increasing the holdings in its equity portfolio
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
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
European pension funds react to the anti-ESG backlash
Despite political and market headwinds, European pension funds remain firmly committed to achieving net-zero and long-term climate goals
Alecta aims to become industry leader in risk management, after review
Swedish pension overtaken by AP7 as Sweden’s largest pension fund
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