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Savers paid wrong fees – Swedish Pensions Agency secures back portion of capital

The Swedish Pensions Agency (SPA) has secured money to be distributed to 140,000 premium pension savers from two companies booted out of the fund platform. The managers took out fees that were higher than presented to the SPA, meaning savers didn't get the right discount.

Photo: PR / Pensionsmyndigheten

Fund managers Solidar and Independent had several funds available on the Swedish premium pension platform. The Swedish Pensions Agency (SPA) found out that both managers had misrepresented the cost of their funds, meaning the savers didn't get the right discount.

SEK 80mn back to savers

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