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Swedish asset managers point out disadvantages and too much state control in new pension reforms

Planned reforms of Sweden's Premium Pension System could reduce competition and limit savers' choices, warns a lobby group of Swedish fund managers.

Fredrik Nordström sees a risk of too much state control in the selection of pension funds. | Photo: PR

The state-run Swedish Premium Pension System (PPM) is already undergoing major changes resulting in probably 30 percent less investment options for savers on the PPM platform. But further reforms could lead to reduced competition among funds, a lobby group of fund managers warns.

Fredrik Nordström, chief executive of the Swedish Investment Fund Association (Fondbolagens förening), has acknowledged that the present reform of the PPM platform could push down fees. But in a column in the Swedish business daily Dagens Industri, he stressed:

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