Government considering scrapping PPM

The government wants to redesign the premium pension system, and may even consider scrapping it. Yesterday Prime Minister Stefan Löfven referenced the Falcon Funds scandal in December 2015 while making it clear that the system needed to change.

However Social Security Minister Annika Strandhäll says the government respects the pension agreement and that any changes require agreement from the alliance parties. “We must do what should have been done a long time ago. Criminal elements should not be able to grow rich on Sweden’s pension savers,” she says.

The alliance parties have rejected scrapping the PPM system but agree that tougher rules are needed.