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The Government Cuts AP Funds

The number of AP funds will decrease and the workforce will be reduced.

» Published: January 31 2025

The Government Cuts AP Funds
Photo: Fredrik Sandberg/TT

The background is, according to Minister for Financial Markets Niklas Wykman (M), that the management needs to become more efficient and purposeful.

"An efficient capital management is crucial for higher pensions. This can over time save several hundred million kronor each year, which in the long run means billion supplements for pensioners", he writes in a comment to TT.

The changes include, among other things, that the smaller specialist fund, the sixth AP fund, will be incorporated into the second AP fund. Today's three buffer funds in Stockholm will become two, where the assets are distributed equally between the two.

The changes also mean that the workforce will decrease over time.

"Now, the responsibility lies on the funds to implement this in a robust manner. I have confidence that they will handle this as well as their other tasks", writes Wykman.

The Pension Group, where all parliamentary parties are included, has backed the changes. They are to be implemented by January 1, 2026.

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By TTThis article has been altered and translated by Sweden Herald
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