Uh oh

In the Swedish pension system, the individual controls part of his pension money by being given the opportunity to choose a fund in which this specific part of his pension money should be invested. The world's most perfect husband, who usually has 100% control over his investments, has missed that the specific fund he chose many years ago changes during the year he turns 56. 

The equity fund he chose, AP7, is transitioning from initially being a 100% equity fund to gradually transitioning to being a mixed fund consisting of 67% fixed income funds and 33% equity funds. My husband discovered this yesterday when he received the annual information sheet from the pension authority. He demonstrably missed this information last year because he turns 58 in August this year. His disappointment with himself was noticeably palpable.

He immediately logged into his retirement account and sold off his entire holdings in favor of another fund manager who is not making this change. When I chose to invest my part of the pension money, I did not choose any of the AP funds, which means that I am not affected by this.

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