Our mission
The Swedish Parliament has assigned Första AP-fonden the mission of managing the Swedish people’s pension capital. The Fund’s task is to maximize long-term return on investment with a low level of risk.
Första AP-fonden’s mission is regulated by the Swedish National Pension Funds Act. The act (and preparatory work to the act) state that Första AP-fonden shall:
- Function as a buffer in the pension system
- Maximize long-term return with a low level of risk
- Manage the funds without being influenced by prevailing government policies, whether industrial or economic
- Give consideration to ethics and the environment without compromising the overall goal of attaining a high return
Första AP-fonden, also known as the First Swedish National Pension Fund or AP1, together with the Second, Third, Fourth and Sixth National Pension Funds (AP2, AP3, AP4 and AP6), is a buffer fund in the Swedish pension system. The capital of the buffer funds is used to even out temporary fluctuations during periods when pension contributions are not sufficient to cover pension disbursements from the income pension system. The returns generated by Första AP-fonden and the other buffer funds are one of several factors that are influential in ensuring the stability of the pension system.