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Storebrand and Handelsbanken lose SEK 22bn pension mandates

The Swedish Pensions Agency has decided to look abroad to save money for the country’s pension savers.
According to Inger Söderbom, cost efficiency is of great importance to the Swedish Pensions Agency. | Photo: Pensionsmyndigheten/pr
According to Inger Söderbom, cost efficiency is of great importance to the Swedish Pensions Agency. | Photo: Pensionsmyndigheten/pr
by KIM WIESENER

The Swedish Pensions Agency (Pensionsmyndigheten) has decided to replace two domestically managed investment funds with funds managed by major global asset managers Blackrock and Northern Trust, moving SEK 22bn (EUR 1.95bn) in the process.

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