Sweden"s pension industry is currently undergoing a significant overhaul due to a recent fraud scandal that has raised concerns about fund management practices.

The aim of the reforms is to reduce the number of pension funds available to savers, which will particularly impact smaller asset managers who may struggle to survive in the increasingly competitive landscape.

The government is also tightening regulations on which fund managers are allowed to handle pension assets, which are derived from a mandatory 2.5% salary contribution from all working Swedes.

It is projected that the pension pool will double to $400 billion by 2040, emphasizing the importance of maintaining trust and integrity within the evolving system.