SWEDEN - Pensioners could see pension payments reduced by 4.4% next year due to stockmarket falls and declines in AP fund assets, a report by the Swedish Social Insurance Agency reveals.
The report said the Swedish pension system recorded a loss of SEK261bn (US$30.3bn) in 2008 - as surplus income from the fund was outweighed by a deficit of SEK 243bn. It said total pension syste...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
