Updated 2015-07-01 21:21. Published 2015-07-01 21:02
Photo: Leif R Jansson and Henrik Montgomery
Recently, the retirement group, which adopts its decisions by consensus, its proposal for a new organization of the AP funds. We will not contribute to the creation of a new National Pension Fund Authority, writes Jan Björklund, party leader (FP) and Mats Persson, member of the board group (FP).
AP funds will namely safeguard the best possible pensions for current and future retirees, not realization of political projects. The recent reversal of the Social Democrats with ever clearer demands on investment of borrowed money puts the issue of governance of the AP funds in a new light.
The Liberal Party will therefore does not, under the current premises, helping to increase political control through the establishment of a new National Pension Fund Authority.
A well functioning pension system is an important foundation of our society. Today’s and tomorrow’s pensioners will be able to trust that the state will pay out the pensions that have been promised. It plays The AP funds an essential role by manages the capital of the national pension, which is paid to retirees when there is a shortfall in pension disbursements.
the The AP funds are controlled in the day a law is clear that there must be some policy considerations. The clear independence from political control is due to the temptation that historically has been to use pension money to political priorities.
Given AP funds amounting to over 1 000 billion, this principle is important to protect. Short-term political considerations should not jeopardize our pension money.
For some years there is political consensus to increase the AP funds to invest in infrastructure and housing. Not least against the background of today’s low interest rates, such investment can be attractive, as it may provide better long-term returns and increase the spread of risk.
While also discussed to establish a new National Pension Fund Authority, which is meant to serve as an overcoat to the AP funds.
From People’s Party We have previously, as part of a political compromise and to safeguard the pension system, accepted this and a proposal recently sent out for consultation. The criticism has already been massive, not least the social partners.
Development in the Social Democrats in the recent past, where the LO and large parts of the labor movement calling for more investment for borrowed money, change, basically conditions of this agreement.
The idea of a AP Fund authority is not only a risk that pensioners’ money used for political prestige projects with questionable returns. The idea is also based on a plan of economic superstition that a central authority would be best to anticipate profitability on the capital market.
The reason that have multiple AP funds is that spreading risks and assessments of several. The proposed National Pension Fund Authority has therefore big family traits with the 1970s löntagarfondstänkande.
Therefore, we will from the Liberal Party side, under the current premises, will not contribute to the creation of a new AP -fondsmyndighet. We see an imminent risk that the new agency will open for a control of the AP funds. It is a development we do not want to participate in.
Our pension money must is not endangered and used to realize political wish lists, but they will be managed to provide the highest possible pensions to today and future retirees.
Jan Björklund, party leader (FP)
Mats Persson, MP and member of the board group (FP)
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