A pension foundation is a foundation founded by an employer with the exclusive purpose of safeguarding the payment of pension to employees or employees’ survivors. The foundation’s assets must therefore be invested prudently.
With regard to pension foundations as referred to in section 9a of the Safeguarding of Pension Commitments, etc. Act (1967:531), i.e. foundations that safeguard the payment of pension to at least 100 persons, the supervision is divided between FI and the county administrative boards as of 1 January 2006. The legal supervision lies with the county administrative boards, while FI is responsible for the supervision of the asset management and processing applications for suitability assessment for management personnel.
FI's main tasks include
Provisions regarding the management suitability assessment have been transferred to Finansinspektionen's regulations and general guidelines (2015:8) regarding insurance business, in which Chapter 10 Suitability Assessment applies in all parts to pension foundations. When submitting an application for a suitability assessment, the foundation must only submit the information in Appendix 2a of FFFS 2015:8 where applicable. This means that pension foundations do not need to answer questions 2.4 and 2.5. Pension foundations also do not need to sign the attest with the heading Authorised signatory for the insurance undertaking or submit Appendix 2b of FFFS 2015:8.
The following regulations and general guidelines are some of the provisions that apply to pension foundations in full or in part as of 1 January 2016.
Do not pay the fee until you have received the administrator letter and reference number from FI.