A robust whole with many facets
Första AP-fonden (AP1) is an important part of Sweden’s national pension system. We manage assets of SEK 338 billion, which equates to roughly 3–4 per cent of the total assets. Other AP Funds represent about the same proportion. The remaining funds can be said to be the value of all future payments into the system.
Sweden has had national pension funds since the 1960s, but they have changed in character, name and focus over the years. The current structure came into being in 2001.
The assets are divided between four funds so as to spread the risks in asset management. There are some differences between the Funds in terms of how investments are divided between different asset classes, since the board of each Fund makes its own allocation decisions within the framework of the National Pension Insurance Funds (AP Funds) Act.