Swedish FSA to investigate Alecta for US investment failure
Sweden’s biggest commercial pension firm is now under investigation because of its failed investments in three US banks. It’s about “protecting the pension savers’ money”, the Swedish FSA says.
by KIM WIESENER
Sweden’s financial supervisory authority, Finansinspektionen, has decided to investigate Alecta in the wake of the pension giant’s failed investments in three US niche banks.
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