Whose responsibility? - State supervision of information on the occupational pension market
| Audit Id | 1584459887934 |
|---|---|
| Title | Whose responsibility? - State supervision of information on the occupational pension market |
| Title in original language |
Vem tar ansvar? – Statens tillsyn av information på tjänstepensionsmarknaden Swedish |
| Year | 2012 |
| Subject |
Financial Institutions and Markets Health and Social Care (incl. Welfare Benefits) Regulation, Regulators and Competition |
| Type |
Performance |
| Type of performance |
Performed by single SAI |
| Comments | The Swedish National Audit Office (Swedish NAO) has audited the efficiency of the occupational pension market supervision performed by Finansinspektionen (the Swedish Financial Supervisory Authority) and Konsumentverket (the Swedish Consumer Agency). The audit reveals that Finansinspektionen and Konsumentverket consider the current regulatory framework to be a satisfactory foundation for supervision. The Swedish NAO’s assessment is therefore that the regulatory framework does not constitute an obstacle to supervision in the area. The audit reveals that there is a lack of information on the assumptions that occupational pension disbursement is based on. The assumptions concerned are predicted interest rates and life expectancy. Nor does the consumer receive information on certain fees. Finansinspektionen and Konsumentverket have not focused their supervision on rectifying deficiencies in the information. |
| Author |
Sweden |
| Materials |
Audit report Swedish Summary English |
| Contact |
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