SPP allocates capital

Swedish mutual SPP is proving to be a cash cow for its customers. The company, which administers some SwKr400bn (US$41bn) of ITP (compulsory) pension funds for some 43,000 employers, is set to allocate a further SwKr20bn to disposing of ‘overconsolidated capital’ before the end of the year as it continued to make profits on its administered capital. Its latest windfall is likely to come from the sale of SPP Liv and SPP Fonder, which could net anything up to SwKr10bn.