The Pension Authorities breached the requirement for risk control when investing several billion kronor in the real estate company Heimstaden Bostad. This is the Financial Supervisory Authority's preliminary assessment in an examination of the Pension Authority's notable investment, writes Dagens industri.
The supervisory authority, the Financial Supervisory Authority, current Director-General Daniel Barr was Director-General of the Pension Authority when the investment in Heimstaden was made.
Barr has declared himself biased and an external examiner has been brought in to FI's control of the Pension Authority's investment.
Even the occupational pension company Alecta has landed in trouble after the massive investment in Heimstaden Bostad – an investment that Alecta's new management later said they regretted.
