The Swedish Pensions Agency has begun making the SEK 95m payout to savers affected by the Allra scandal.

Around 86,400 savers who had all or part of their premium pension capital in funds linked to Allra in 2012 will receive a share of the SEK 95m payout, which was awarded to the Swedish Pensions Agency in the Svea Court of Appeal's judgment against Allra in 2021. However, this amount is lower than the damages, which may mean additional payments in the future.

“This is a milestone for us at the Swedish Pensions Agency that we are succeeding in what we have always communicated: that we will find, recover and pay in money that savers lost in connection with Allra. I am happy for the savers who are now beginning to receive financial redress,” Swedish Pensions Agency director general, Anna Pettersson Westerberg, said.

In total SEK 95,167,642 will be paid to 86,401 people, of which: 36,251 people will receive up to SEK 1,000, 43,592 people will receive between SEK 1,000 and 2,000, 6,414 people receive between SEK 2,000 and 3,000 and 144 people receive over SEK 3,000.

Swedish Pensions Agency general counsel, Lena Aronsson, added: “The payment is an interim goal in our work to ensure that those affected by the Allra scandal receive compensation for every krona they have suffered damage. The Swedish Pensions Agency's work on this is persistent, stubborn and methodical.”

The money will be paid automatically to the premium pension accounts of those affected. The size of the payment will depend on various factors, such as when and for how long a person held one or more of the funds in question and the size of their holdings.

Payments are expected to reach the accounts of the affected savers on 28 May and those who receive a payment of at least SEK 50 will also be informed by letter.

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