National Audit Office recommends tougher reporting requirements for PPM funds

Riksrevisionen (the Swedish National Audit Office) has made three key recommendations following an investigation into the country's PPM system, which constitutes the third part of long term savings linked to employment alongside the income pension and guarantee pension. The NAO found that future pensions are likely to be negatively affected by lack of efficiencies, which is why it has recommended that fund managers be required to systematically show all costs. Contributions into PPM funds are...