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
FTN expects errors and ambiguities in tender processes to lessen over time
Swedish premium pension procurement agency says goal is to maximise accurately completed tenders, which is best for the industry
Swedish funds lobby bemoans late changes, as FTN extends deadline again
Swedish Fund Selection Agency pushes deadline for active global equity tender back for second time, citing ‘ambiguities’ in the RFP
Folksam, KPA set 2030 climate targets, highlighting social impact
Swedish pensions group and municipal pension fund subsidiary follow NZAOA requirements to establish 50% emission reduction targets for investment assets
Swedish Pensions Agency’s analysis chief quits in row over ‘private commitments’
Ole Settergren to remain at the agency until a replacement takes over
AP2 hires new CIO Anna Hammer to continue portfolio changes
Gothenburg-based buffer fund poaches Länsförsäkringar CIO to fill gap after losing Erik Kleväng Callert to SEB Trygg Liv
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.
FTN expects errors and ambiguities in tender processes to lessen over time
Swedish premium pension procurement agency says goal is to maximise accurately completed tenders, which is best for the industry
Swedish funds lobby bemoans late changes, as FTN extends deadline again
Swedish Fund Selection Agency pushes deadline for active global equity tender back for second time, citing ‘ambiguities’ in the RFP
Folksam, KPA set 2030 climate targets, highlighting social impact
Swedish pensions group and municipal pension fund subsidiary follow NZAOA requirements to establish 50% emission reduction targets for investment assets
Swedish Pensions Agency’s analysis chief quits in row over ‘private commitments’
Ole Settergren to remain at the agency until a replacement takes over
AP2 hires new CIO Anna Hammer to continue portfolio changes
Gothenburg-based buffer fund poaches Länsförsäkringar CIO to fill gap after losing Erik Kleväng Callert to SEB Trygg Liv
AP7 indicates BlackRock’s NZAM exit could affect future mandates
Sweden’s biggest state pension fund to meet world’s largest asset manager ‘to better understand’ decisions after BlackRock fled net zero alliance
KPA calls for action on pensions investment in local climate adaptation
Swedish municipal pension fund says preparedness investments have a long-term perspective that suits the management of occupational pensions
IPE Nordic Briefing: Denmark’s PenSam boosts property portfolio
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AP7 boosts internal management as it reaches quarter-century milestone
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
ATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
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