Australian fund manager, First State Investments, is de-registering four of its funds from Swedish premium pension system, PPM, IPE reports. The move comes due to transparency concerns and issues with ‘mass-transfers.’
PPM, managed by Swedish pensions agency, Pensionsmyndigheten, did not offer enough transparency about the unpredictable inflows and outflows into the funds. Some of First State’s funds are reaching their capacity limits.
Click here for the story from IPE.