Sweden’s SH Pension has announced a strategic collaboration with Säkra, expanding its mediated business.

Following a procurement and evaluation process, SH Pension’s traditional insurance is now part of Säkra Pension’s offering.

This partnership coincides with the recent launch of Säkra's occupational pension plan, Säkra Plan, which now features SH Pension as an insurance provider, enhancing the range of options available to clients.

For Säkra Insurance, the collaboration will allow it to have a greater breadth in traditional insurance and be able to offer another option to customers who want a predictable value development that can withstand large fluctuations.

Commenting on the partnership, SH Pension CEO, Annelie Helsing, said: “It is an important part of our long-term strategy to grow in brokered business. We are on a transformation journey where we are taking a previously closed pension fund to an open market.

"Developing the offering and distribution channels is a central part of reaching out with our well-managed traditional insurance with a good history to more pension savers.

"Therefore, it is very fun to collaborate with another strong intermediary house in the form of Sikre.”

She added that SH Pension were “proud” and “happy” that Säkra has chosen to include SH Pension in the Säkra Plan and all service levels with traditional occupational pension, direct pension and risk insurance.

Adding to this, Säkra Pension Scheme head of employee benefits, Fredrik Käll, said: "By now adding SH Pension as an additional insurance company to Säkra scheme's procured occupational pension plan, we strengthen the diversity of our offering and create even better opportunities for our customers to find solutions that suit their needs.”

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