Lower fee for transfers of pension savings in insurance policies

On 1 April 2021, a new law comes into effect limiting the fee that can be levied on transfers of pension savings in insurance policies with mutual fund or portfolio management. Saving towards a pension has to be secure and simple, which is why Handelsbanken is making such transfers entirely free of charge, alongside an unrestricted right of transfer, regardless of when the insurance policy was signed and the type of insurance.

− We are firm believers in the customer’s right to choose. This is why we were early to implement the unrestricted right of transfer for all insurance policies, and why transfer charges for all pension and occupational pension insurance schemes were scrapped on 1 January 2020. We are very happy to say that we have now decided to also eliminate transfer charges for occupational pension schemes at the Bank agreed under collective bargaining agreements, says Louise Sander, CEO of Handelsbanken Liv.