The committee that works to put the fund platform for Sweden’s premium pension system in its final form has been given another six months and the government has also revealed where the platform will be operated from.
The Ministry of Social Affairs announced yesterday that the government has decided on a supplementary directive regarding the ongoing investigation into a procured fund market for premium pensions – the system with individual accounts that forms part of Sweden’s first pillar state pension.
The ministry said: “The supplementary directive extends the investigation period. It is further stated that the board authority that the inquiry is preparing the way for will be called Fondtorgsnämnden and that its location will be Botkyrka. ”
At the same time, the ministry stated, the government commissioned the Swedish Pensions Agency, in its capacity as host authority, to establish an office for the board of Botkyrka, with a deadline for completion of the assignment on 30 June 2022.
Botkyrka is a suburb south of Sweden’s capital located within Stockholm County,
“The commission’s mission must be completed by June 30, 2022,” the ministry added.
This is six months later than the limit on 31 December 2021 that the ministry gave to the expert panel in March – which already represented a four-month extension from the previous deadline.
The investigation underwent a major reorganization in February and March, where 20 people had left at the beginning of March.
The decision to place the new board in Botkyrka seems to be in conflict with the government’s announcement already in March that the authority would be located somewhere outside Stockholm County.
Then Ardalan Shekarabi, Minister of Social Insurance, explained that it was important for the state’s legitimacy that it existed throughout the country.
IPE contacted Shekarabi’s spokesman to explain the change in the situation at the site and is waiting for an official comment.