SWEDEN- The Swedish government has banned all bonus payments to government owned institutions, including the country's pension buffer funds, the Ministry of Communications and Enterprise has confirmed.
The change comes less than a year after the ministry increased the bonus ceiling from two months of pay to four months of pay. Bonuses have become a contentious issue in Sweden as a public outcry...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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