Pension

Sweden’s Alecta bosses not liable for bad bets, auditor says

Board members and executives at Sweden’s biggest pension fund Alecta should not be held personally liable for decisions that led to USD 3.1bn in losses from failed investments, an auditor has said.
The view, published in Alecta’s annual report Friday, extends to Chief Executive Officer Peder Hasslev and his predecessor, Magnus Billing, as well as former chairman Ingrid Bonde. | Photo: PR / Alecta
The view, published in Alecta’s annual report Friday, extends to Chief Executive Officer Peder Hasslev and his predecessor, Magnus Billing, as well as former chairman Ingrid Bonde. | Photo: PR / Alecta
By Rafaela Lindeberg and Jonas Ekblom / Bloomberg

Current and former members of the board of directors at the fund should be granted discharge for 2023, auditor Ohrlings PwC recommended. That view, published in Alecta’s annual report Friday, extends to Chief Executive Officer Peder Hasslev and his predecessor, Magnus Billing, as well as former chairman Ingrid Bonde.

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