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Swedish minister defends salaries at AP Funds

Sweden's financial markets minister has defended the salaries at the national pension funds -- the AP Funds. The salaries only show minor deviations from guidelines, he argues.

Swedish minister of financial markets Per Bolund. | Photo: Ritzau Scanpix

Per Bolund, Sweden's minister of financial markets and Miljöpartiet (Green Party) MP, is defending salaries in state pension funds, the AP Funds. According to investment media IPE, he sent a written reply to a question raised by a parliamentary colleague from Vänsterpartiet (Left Party) .

"The AP funds' boards establish the guidelines for internal senior executive remuneration, but these must be consistent with the guidelines adopted by the government," Per Bolund said.

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