Swedish politicians agree to cut the number of funds at Fondtorget

The number of investment funds in the Swedish Premium Pension System (PPM) will likely be more than halved after Swedish politicians reached an agreement earlier this week.

Teresa Carvalho, is a Social Democrat member of the Pensions Group. | Photo: PR/Sveriges Riksdag

A cross-party Pension Group consisting of Swedish politicians has agreed on how to continue to have investment funds be part of Sweden's reformed Premium Pension System (PPM).

With the deal, the investment funds will still be allowed to enter the Fondtorget platform, from where Swedes can invest their PPM-savings, investment site IPE writes.

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