Effects from higher mortality among Alecta's members offset by falling interest rates
Positive returns in the second quarter were not enough to offset the losses after Q1 at Swedish pension fund Alecta. Due to covid-19, mortality rose leading to a decline in technical provisions. However, this was more than offset by the effect of falling interest rates.
Despite a strong second quarter for financial markets, the 2.5 million savers at Sweden's largest occupational pension provider ended up with negative returns for the first half of the year.
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