Swedish financial regulator drops PPM bombshell: "10-15 funds enough"

The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has today ( 14 February) dropped a bomshell into the consultation process around the future of the PPM fund platform serving long term savers in Sweden's pension system, when it argued that 10-15 funds would be sufficient for users - the platform at one stage had more than 800 funds to select from. FI said in its consultation response (to https://www.fi.se/contentassets/a43a36d59e1b4578aacb104544ccebc0/remissvar-ett-battre-premiepensionssystem.pdf) that the Premium Pension system ought to be subject to a complete revamp...