Swedish pension company AMF has passed on a surplus of SEK 590m to 3.8 million savers in the SAF-LO agreement area with traditional insurance.

It said the distribution was made due to strong profits. Last month the company announced that it had made a return of 7.1 per cent on investments in 2024, a value of SEK 40bn, despite a “turbulent” and “chaotic” year.

In January, AMF also announced that it had reduced fees for approximately four million customers with traditional insurance, with the variable fee being reduced by over 30 per cent, from 0.15 per cent to 0.1 per cent.

AMF head of product, Roland Kristen, said the company’s mission is to ensure savers “receive a really good pension”.

“That is why we are constantly working to improve for those who save with us, sharpen our products and develop our systems. When we succeed in keeping costs down, a surplus is created that over time goes back to our savers, as our owners never make a profit,” he said.

He continued: “This time, the sum corresponds to the amount that the savers concerned have paid in contributions for their pension during the past year.”

Those in receipt of the bonus will see the addition to the existing pension capital from 24 March.

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