SWEDEN - Lars Idermark (pictured) is to leave his post as CEO of the EUR16bn Andra AP-fonden (the Second Swedish National Pension Fund/AP2) in Gothenburg, on November 1 2005, to take up a new position as CEO of Kooperativa Förbundet (the Swedish Cooperative Union).
“Lars has built up the Fund since its foundation in 2000 and has done an excellent job. I quite understand that, after a period of five years, Lars is keen to accept new challenges, even though the fund will be sorry to see him go,” said Gunnar Larsson, chairman of AP2.
“We shall now initiate a recruitment process to find a new CEO for the Fund,” added Larsson.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.