On Friday, the Pensions Authority filed an appeal against the free judgment in the so-called Allra case.

In the DN debate, the Director General of the Pension Authority, Daniel Barr, also writes that the requirements for the individual saver's ability to assess the reliability of the fund companies will be unreasonably high.

- Then you can think about whether you should even recommend to private individuals to save in mutual funds, says Daniel Barr to SVT News.

"Frivolous"

But the Fund Companies Association reacts very strongly to the statement made by the Director General of the Pension Authority.

- I think it's a frivolous statement. We have over 40 years of fund saving in Sweden and this has really benefited the households, says Fredrik Nordström, CEO of the trade association Fondbolagens förening.

He continues:

- We have $ 5 billion in fund savings. It comes from households. It comes from institutions. Of this $ 5 billion, two-thirds are profit. This has been a fantastic form of savings for many.

But is not his statement reasonable in view of the Allra judgment?

- Of course, it is not allowed to take the savers' money out of the funds. It is not even allowed to waste them on unnecessary transactions that are not in the interest of the savers. There is a comprehensive regulatory framework that handles this. And it is Finansinspektionen who is responsible for whether a fund company would violate the rules.

FSA

Fredrik Nordström, CEO of the industry organization The Fund Companies Association believes that it is the Swedish Financial Supervisory Authority that handles the supervision.

- It is their job to supervise the fund companies. They are the ones to act in that case. They have extensive weapons arsenal.

- You can withdraw the permit. You can be fined tens of millions in fines against the company. Individual senior executives can also be held liable with fines of up to 50 million, the Fund Companies CEO Fredrik Nordström tells SVT.