A survey of Swedish long term savers has found that a clear majority, 68%, are satisfied with their fund choices in the country’s PPM platform, according to the Swedish Investment Fund Association (Fondbolagens förening).
The results are based on a survey of 1,000 Swedes carried out between 14 March to 26 April by TNS Sifo Prospera.
The research also found that a similar level of respondents, 62%, felt it was good to be able to self-select funds on the PPM platform, which is run by the Swedish Pensions Agency. This is the same level as two years ago, when the last similar survey was done. Attitudes to self-selection are somewhat age-related: there is higher support (83%) in the 18-33 age bracket compared to the 65-76 age bracket (52%).
About half of those surveyed said they look over their fund investments at least once a year. Some 18% look over them several times per year. some 36% said they ‘never’ look over their funds.
Fredrik Nordström, chief executive at the Association, said: “It is pleasing that a large majority are confortable with their premium pension savings. A number of powerful measures are now being introduced to strengthen consumer protection in the PPM market. This provides the conditions for even greater trust in the system for the future.”