AMWatch

Swedish fund industry warns against too hasty second step in PPM overhaul

A Swedish government report proposes further limitation of funds on the Swedish pension platform. The fund industry warns against dire consequences and severe limitation to savers’ freedom of choice.

From left: Coeli Asset Management CIO Erik Lundkvist, Lannebo Fonder Chairman Göran Espelund and Swedish Investment Fund Association CEO Fredrik Nordström. Photo: PR / Coeli AM, Lannebo Fonder & Karl Gabor

After yesterday's presentation of the Swedish government report "A better premium pension system", the industry has expressed strong protests.

The government proposal for the premium pension system (PPM) suggests placing all power and capital, which will eventually amount to EUR 374bn, within a new government agency.

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