AMWatch

Fondtorget's watchdog keeps close eye on fees after recent price cut

The Swedish Pensions Agency has been busy recently, with a first foray into real estate and new terms and conditions for its fund platform meaning lower fees for savers. Fund department chief Erik Fransson also discusses whether going fossil free has had an impact on returns.

Erik Fransson is Swedish Pensions Agency's Head of the Fund Department | Photo: PR: Pensionsmyndigheten.se

Low fund fees are important to the Swedish Pensions Agency. While it was already getting fund managers to vastly reduce their fees in order to be included on its fund platform, Fondtorget, the agency decided to revise the terms and conditions again at the end of 2020.

As of April 1 2021, the maximum fee for a fund offered on Fondtorget was reduced from 0.89 percent to 0.69 percent. On an annual basis, that means the premium pension savers save SEK 400m (EUR 40m), Head of the Fund Department Erik Fransson tells AMWatch in an interview.

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