Swedish fund investors reminded of PPM rebates

Fund investors in Sweden are being reminded not to forget to maximise the rebates available via the PPM platform operated by the Swedish Pensions Agency, and which allows self-selection of funds for long term savers.

Research by the Swedish Investment Fund Association (Fondbolagens förening) has recently suggested that 87% of PPM users are unaware that the scale of the platform enables significant rebates: investors typically pay a third of the ordinary management fee for funds available via PPM.

Before rebates, the typical fee for funds avialable via PPM is 0.76%. This would mean that after the rebate, the typical fee would be 0.28%, which is a fall from the previous year, when it stood at 0.28%, the Fund Association said.

Its research found that only 13% of users surveyed realised that they could get rebates via PPM.

Rebates are paid annually, and this year it will be paid out on 14 May on investments made through 2015. The Fund Association expects rebates to total some SEK4.2bn (€450m). Reinvested, that could represent a significant sum over time.

 Ten biggest funds in PPM Gross fee % Rebate Net fee %
AP7 Såfa 0.07-0.12 0 0.07-0.12
Didner & Gerge Aktiefond 1.23 -0.92 0.31
AMF Aktiefond Sverige 0.42 -0.24 0.18
Swedbank Robur Transfer 80 0.51 -0.32 0.19
Swedbank Robur Transfer 70 0.51 -0.32 0.19
AMF Aktiefond Världen 0.42 -0.24 0.18
Swedbank Robur Technology 1.28 -1.01 0.27
Swedbank Robur Aktiefond Pension 0.45 -0.27 0.18
Nordea Generationsfond 60-tal 0.52 -0.32 0.20
Allra Strategi Lagom 2.29 -1.79 0.50

 

 

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