Pension

Swedish FSA fines church pension fund for failing to limit investment risks

Kyrkans Pension broke FSA rules when the pension fund made a major investment in real estate company Stelvalvet, the Swedish Financial Supervisory Authority says.
Carl Cederberg is the CEO of the pension fund of the Church of Sweden. | Photo: Kyrkans Pension / PR
Carl Cederberg is the CEO of the pension fund of the Church of Sweden. | Photo: Kyrkans Pension / PR
by KIM WIESENER

The Swedish FSA, Finansinspektionen, has sanctioned Kyrkans Pension, the pension fund of the Church of Sweden, for failing to abide by the authority’s rules on investment risks.

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