Swedish AP funds forced to consider merging back office

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SWEDEN - Rapidly escalating costs in running the AP funds have prompted the Swedish government to prod the funds into considering some of consultant KPMG's recommendations, including one to merge the back office functions.

In its annual report to parliament evaluating the performance and costs of the funds, the government said that it intends to “initiate a dialogue” with the funds’ boards with the aim of improving c...

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