The government of Sweden will review state pension funds, which manage a total of €100 billion in assets, Global Pensions reports. The government’s pensions group will inspect the funds’ investment rules, governance, structure, objectives and whether there are more funds than required.
The review will analyze if the five ‘buffer’ funds, AP1 through AP4 and AP6 are needed. The review will also consider altering the current investment rules. The AP funds are prohibited from investing over 5% in unlisted assets, including private equity and infrastructure. Currently, the funds also cannot make direct investments in commodity funds.
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