News in brief: 10 July

- Sweden’s SH Pension has sold five properties in central Malmö and Arlöv, and has acquired a new property in Stockholm.

Four of the properties have been sold to Trianon and one to Lifra Fastigheter. The properties consist of rental apartments along with associated commercial premised and garages. The property SH Pension has acquired in Stockholm consists of rental apartments and commercial premises. About a third of SH Pension’s portfolio consists of real estate.

- O&M Pensions Solutions has launched a new financial planning software suite, FinCalc.

FinCalc is a modular financial planning suite comprising of O&M's flagship DB pension transfer analysis module, Transvas, and a new comprehensive cashflow module. The cashflow modeller system includes features such as stress testing, a client portal and full income tax calculations, and is the “first part” of their wider financial planning suite.

- Sweden’s PP Pension is the first institution to be authorized by the Swedish Financial Supervisory Authority to carry out occupational pension activities in accordance with the new law that came into force in December 2019.

It will change its name to PP Pension Service Pension Association. PP Pension is still under the supervision of Finansinspektionen. In the autumn of 2020, work will continue to streamline operations focusing on the merger of PP Pension Service Pension Association and the subsidiary PP Pension Fondförsäkring AB, primarily to generate savings in the form of reduced administrative costs. The work is expected to be completed by year-end 2020/2021.

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