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By Rachel Fixsen2021-04-26T12:46:00+01:00
Industry groups representing Swedish pension providers have called for more clarity on the proposed loosening of capital requirements for pension funds’ infrastructure equity investments which are considered environmentally sustainable.
In their responses to the Swedish FSA’s (Finansinspektionen) draft pensions regulation – which implements changes to the IORP II-based pensions legislation passed at the end of last year – Insurance Sweden and Swedish Occupational Pensions Association both said the level of evidence required under the new rules to prove that such investments were green, was too onerous.
In a summary of its objections to the rules implementing the proposed amendments, Insurance Sweden (Svensk Forsäkring) said: “The proposal for capital requirements for approved infrastructure investments is unclear and means that what may be approved investments is delimited too narrowly.”