AMWatch

Competition takes a hit as new rules in Swedish premium pension system unfolds, argues Tundra Fonder

Changes to the Swedish premium pension system PPM will make life difficult for newcomers in the fund industry. According to fund company co-founder, competition will be hampered.

Tundra FOnder Founder and Deputy CEO Mattias Martinsson says | Photo: Søren Top / AMWatch

A significant reduction of available funds at the premium pension system platform Fondtorget and a new set of rules will make it more difficult to introduce new funds in the Swedish market.

In an interview with Swedish news site Realtid.se, Tundra Fonder Founder and Deputy CEO Mattias Martinsson says: "Future start-ups will struggle to grow as fast as we did. We sympathize with the motive behind these changes, but it will make the market entry very difficult for newcomers in the fund industry. This is hampering competition in the fund industry, which we think is a shame. Well-established fund companies, including Tundra, are comfortable with a tough competitive environment."

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