The Swedish Financial Supervisory Authority has launched an in-depth supervisory analysis to better understand risks associated with transfers of collectively agreed occupational pensions, with a particular focus on moves that change the management form from traditional insurance to unit-linked insurance. The work will include meetings with the insurance companies of the four major banks, a mapping of how often occupational pension transfers are combined with discounts on other financial services such as mortgage-rate discounts, and questionnaires to a broader set of life and occupational pension firms on how they take account of consumers’ needs when a change in management form is made. FI highlights concerns that growing transfer volumes may create incentives for firms, advisers and others to recommend transfers for reasons other than delivering a better pension solution, and questions whether linking pension transfers to short-term benefits on other products is reasonable.
Finansinspektionen 2025-10-06
Swedish Financial Supervisory Authority launches in-depth review of risks in collective occupational pension transfers and linked mortgage discounts
The Swedish Financial Supervisory Authority has initiated an analysis to assess risks in transferring occupational pensions, focusing on shifts from traditional to unit-linked insurance. This involves meetings with major banks' insurance companies, mapping pension transfers linked to discounts on other services, and surveying firms on consumer needs. Concerns include potential incentives for recommending transfers for reasons beyond improving pension solutions.