Four per cent of the nearly five million users of Sweden’s minPension website have no occupational pension coverage, it has revealed.

Equating to 200,000 people minPension said these users do not have an occupational pension within their pension forecast. The proportion of those with no occupational pension at all is slightly higher for women (4.6 per cent) than for men (4.1 per cent).

There are also regional differences within Sweden. For example, Kalmar County and Gotland have the highest proportion of people with no occupational pension. Stockholm and Västmanland have the lowest. Among the elderly, in the age group 60-63 years, the proportion with no occupational pension is lower, totalling 2.1 per cent for women and 2.4 per cent for men.

On average, minPensions users can expect a quarter of their future pension income to come from an occupational pension. This means that for someone who can expect a pension of SEK 20 000 a month, SEK 5 000 will be from an occupational pension. Therefore, minPension has warned that those with no occupational pensions could receive an overall pension several thousand krona less than those that do.

Specifically, it is the self-employed and those who worked for an employer without an occupational agreement that are more at risk, minPension said.

“It is not certain that all jobs provide an occupational pension. At the same time, it is very unusual not to be covered by an occupational pension at all during one's working life. We see that many people who have their own business today have a lot of occupational pension in their forecast from previous employment," minPension pension economist, Dan Adolphson Björck, said.

“Many people may have an occupational pension from old employment even if they have no contributions now,” Adolphson Björck, added.

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