Younger savers more often choose to invest in low-cost index funds, while older people tend to have more expensive holdings, according to the Swedish Financial Supervisory Authority (FI). In long-term savings, small fee differences can grow to hundreds of thousands of kronor, says consumer protection economist Moa Langemark.
BusinessIn July, Swedes take out the most unsecured loans. But borrowing for the holidays can be expensive, the Swedish Financial Supervisory Authority warns. "The risk is that you live beyond your means and are left with a rather unpleasant aftertaste from the summer when the loans have to be repaid," says the authority's consumer protection economist, Moa Langemark.
BusinessMortgage lenders' borrowing costs are clearly falling after the ceasefire agreement between Iran and the US. Now the question is whether the banks will lower their mortgage rates. We can always expect that banks are trying to make as much profit as possible. Therefore, it is important that you, as a customer, make demands of your bank, says Moa Langemark, a consumer protection economist at the Swedish Financial Supervisory Authority.
BusinessThe number of financial fraud cases uncovered rose sharply last year, according to the Swedish Financial Supervisory Authority (FI). More fraudsters and new forms of fraud are behind the increase. FI has also prioritized the issue and sped up processing times.
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