Nordea and Danica most expensive providers as fees swallow up to 15 percent of savings in Swedish pension system

Analyses by Swedish business daily Dagens Industri reveal  surprisingly high fees in the local pension systems. KPA, Alecta and AMP keep the lowest fees, achieving top ratings, while Danica and Nordea are the most expensive.

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Fees erode up to 10-15 percent of Swedish savers' capital with the most expensive long-term savings solutions in banks and pension companies, reports Swedish business daily Dagens Industri.

In collaboration with a consumer organization, Dagens Industri has generated an overview of fee charges within the Swedish occupational pensions system and other long-term savings.

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