Yes to fewer AP funds and more stringent skills requirements for boards
Published:
The Riksdag voted in favour of the Government’s proposal for amendments to the management of buffer capital in the funds in the national pension system (AP funds).
The proposal aims to improve the conditions for more efficient, cost-effective management and means, among other things, a reduced number of AP funds.
According to the proposal, the operations and assets of the Sixth AP Fund are to be transferred to the Second AP Fund. Furthermore, the three Stockholm-based buffer funds will be reduced to two funds as the operations and assets of the First AP Fund will be transferred to the Third and Fourth AP Funds.
The proposal also includes a requirement that the board of an AP fund must have sufficient skills within certain areas of special importance for the management of the fund. The amendments will come into force on 1 January 2026.