Alecta's former chief actuary, Anders Munk, has filed a lawsuit against the Swedish pension provider, seeking SEK 1.5m in damages following his dismissal earlier this year.

Munk, who had served as Alecta’s chief actuary since 2017, used Sweden's Financial Supervisory Authority (FI) whistleblower function to raise concerns about what he viewed as an incorrect interpretation of the actuarial function’s role, including in a case involving Dina Försäkringar.

However, FI determined that Munk’s report did not qualify as a formal whistleblower case, stating that the function was reserved for individuals reporting issues within their own organisation.

As a result, FI concluded that Munk’s submission was not protected by confidentiality - a position Munk strongly opposed.

Alecta is understood to have been displeased that its chief actuary had entered into a public dispute with the regulator, and the company decided to terminate his employment in September 2025.

In a written response to European Pensions, Alecta CEO, Peder Hasslev, said: “This is about an employee raising an issue and criticising an authority on their own initiative and in an inappropriate manner.”

Munk has since filed a lawsuit with the Attunda District Court, demanding compensation for what he claims was wrongful dismissal.

In comments made to Sak & Liv, Munk defended his actions, clarifying that his whistleblowing was directed to FI’s external whistleblowing channel, which he said is intended to cover the entire financial market.

“Misconduct was discovered in a work-related context and concerns shortcomings in the application of union law,” he said.

“Instead of escalating the whistleblowing, as required by law, the external channel, which is supposed to act independently, chose to send the report to FI.

"It is important to note that my report was not sent to the authority FI,” Munk added.

Responding to the issue, FI head of external communications, Vidar Lindgren, stated: “When FI receives a request from the public to access documents held by us, we handle the request in accordance with the laws and regulations that we, as an authority, must comply with.”

The case adds to ongoing scrutiny of Alecta’s governance, following a series of challenges for the occupational pension provider over the past two years.

Alecta recently implemented a comprehensive improvement program aimed at making the provider safer, stronger, and addressing shortcomings identified last year, the group's latest interim report confirmed.

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