Government proposal closes many of savers’ favourite funds
Savers will no longer be able to choose some of the most popular funds on the Swedish Pensions Agency’s fund marketplace. This will be the result if funds with more fund saving in the fund marketplace than outside it are closed down – which is one of the measures being proposed in a memorandum published today by the Swedish Ministry of Finance and entitled “A secure and more sustainable premium pensions system”. Many of the other proposals presented in the memorandum are, however, good and should have been implemented long before now.The Government’s proposal includes a requirement that