Pension

Fund selection in Swedish pensions platform likely to be halved

Expensive funds and those with a likelihood of relatively poor performance will be exempted while some of the formal barriers for small and start-up fund managers to join the pensions platform will be removed, says government selected special investigator Mikael Westberg in his report today, Monday.
Photo: Miriam Dalsgaard
Photo: Miriam Dalsgaard
BY REETA ILONA PAAKKINEN

The number of funds in Sweden's premium pensions system will decrease drastically from the current 490 to approximately 150-200 and there will be many more sustainable funds on the platform in the second phase of its ongoing reform, says investigator Mikael Westberg.

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