May 2010 saw the biggest changes to premium pensions since the system was introduced, with an improved default option and the addition of three state-managed fund portfolios for all premium pension savers.
Why has the default option been changed?
The default option has been improved to raise projected pensions.
Why have you introduced three state-managed portfolios?
The aim is to enable investors to decide their own level of risk without having to choose from all the funds available through the Swedish Pensions Agency.
What's going to happen to the Premium Savings Fund and Premium Choice Fund?
We’re closing them and replacing them with Såfa.
Can I return to the default option even though I've chosen funds via the Swedish Pensions Agency?
Yes, that's one of the advantages of the new structure.
Do I need to take any action with my Premium Savings Fund investments?
No, they will be automatically transferred to Såfa.
What will it mean for me as a pension saver?
A higher expected pension and greater peace of mind in your later years.
Who can help me to choose?
You don't need to take any action if you choose Såfa. Call the Swedish Pensions Agency on +46 (0)771 776776 if you have any questions. (AP7 keeps no accounts or information on individual savers.)
How much money are we talking about?
The average premium pension investor has around SEK 60,000 in their account.
Can I withdraw all the money in a lump sum?
No, premium pensions are paid out along with the rest of the state pension.