Adapted licence requirements for occupational pension funds

11 November 2020 klockan 16.30

Uppdated 11 November 2020 klockan 16.41

An occupational pension fund is an association that manages its members' occupational pensions. In the wake of the COVID-19 pandemic, there is a risk that some funds will be unable to meet the capital requirements that are necessary to be able to continue to conduct their activities as occupational pension companies.

The Government therefore proposes a transitional provision making it easier for long-term, vigorous occupational pension funds to be granted licences to conduct occupational pension activities. The Committee on Finance proposes that the Riksdag approve the Government's proposal.

The new rules will come into force on 15 December 2020.