SWEDEN - A new report to the Ministry of Finance on the efficiency of the Swedish AP funds suggests merging the four largest funds into a giant SEK745bn (US$105bn) pot and eliminating AP6, the smallest scheme.
The report by ESO - an independent group appointed by the government, but not part of the government - said combining AP1 through AP4 will achieve economies of scale and reduce costs by 4.7 basis p...
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