Swedish govt expands AP funds’ investment freedom
Sweden’s finance ministry has published draft legislation giving the country’s main four pension buffer funds greater abilities to make direct investments and invest in illiquid credit. The proposed changes and clarifications address five issues raised by the funds and discussed in the country’s cross-party pensions group, which build on the new investment rules which came into effect at the beginning of this year. In addition, the proposal – which is now out for consultation until 24 June – would extend the freedom for the funds to make loans to real estate companies and in which they hold shares.
Tags : INTERNATIONAL