AMWatch

Solidar CEO hopes funds can start trading again after December ban

The scandal-hit Premium Pension System (PPM) in Sweden is forced to ban another of its marketplace fund providers: Solidar funds are ordered by the Swedish Pensions Agency to stop trading, pending an investigation into whether the manager is living up to its obligations as a marketplace provider.

Roland Johansson, Solidar | Photo: PR/Jann Lipka

Sales of premium pension investment funds marketed by the Swedish company Solidar came to a sudden halt a few days before Christmas as the Swedish Pensions Agency issued a purchase stop on the products, but the firm's CEO says he hopes the funds can resume normal trading.

The authority explained that it had taken the action as it was investigating whether the company was adhering to the cooperation agreement applicable to the Premium Pension System's (PPM) fund marketplace.

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