Plans to reform the Swedish premium pension system (PPM) could result in SEK 250-270 billion being moved out of the Swedish stock market and into large global index funds, damaging not only the local equity market but also job creation and the Swedish economy, reports Dagens Industri.
Authorities, interest groups, and industry representatives have recently been responding to the Ministry of Finance's proposal regarding the next step in the reform of the PPM, where Swedes can either have their public pension savings managed by the national AP7 fund's balanced Såfa product or choose between funds available at the Swedish fund platform Fondtorget.
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