SWEDEN - Furious at KPMG's government commissioned report on costs, the Swedish AP funds have decided to carry out their own internal evaluations of costs and have appointed the Canadian-based CEM to carry out a separate cost review in each of the four buffer funds.
KPMG’s controversial report said that the cost of running the AP funds (AP1, AP2, AP3 and AP4), which sits at some 18.1bp, was 7.7bp higher than the industry benchmark. Among some its recommend...
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