SWEDEN - Försäkringsbranschens Pensionskassa (FPK) the pension fund for the insurance industry in Sweden, returned 5.2% in 2009 as a result of strong stock market performance.

This follows the trend shown among other Nordic pension providers, which clawed back losses from 2008.

The fund's solvency level also increased to 140% in 2009 compared to 113% in 2008.

FPK has approximately SEK9bn (€930m) in assets and some 24,500 members.

This story was first published by Pensionsnyheterna, a Swedish-language specialist news service, and translated in agreement with IPE.com.

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