SWEDEN - Pension funds and life companies, which are on average significantly overweight in mortgage bonds, look set to sell off the assets and buy long dated euro bonds on the back of the revised "traffic light" solvency tests unveiled by the Swedish Financial Supervisory Authority (SFSA) in October.
Johan Elmquist (pictured), vice president, business development executive, Nordic region, at T.Rowe Price, said the revised model could also trigger corporate bond issuance in Sweden. The new mo...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders