# Försäkringsbranschens Pensionskassa (FPK)

Försäkringsbranschens Pensionskassa (FPK) is a Pension Fund based in Stockholm, Sweden.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Assets under management:** Undisclosed
- **Website:** fpk.se

## Regulatory record

- **Reports private funds:** No

## About

FPK serves as the industry-wide pension vehicle for Sweden's insurance sector, covering employees across carriers, brokerages, and related services. The fund was established through collective bargaining agreements between the Insurance Industry Employers' Organization (FAO) and unions including Forena, Akavia, and the Swedish Association of Graduate Engineers. Unlike fragmented single-employer plans, FPK centralizes administration and asset management — a structure that gives it scale beyond what any individual insurance company's pension fund would command alone. The portfolio splits across three broad sleeves: a fixed-income-oriented global book that anchors liability matching, a directly owned Swedish real estate portfolio that provides inflation-sensitive cash flows, and a global alternatives allocation spanning private credit, hedge funds, and special situations. Confirmed holdings include shares in Heimstaden Bostad AB, the Malmö-headquartered residential giant that operates across Northern Europe. The direct property portfolio includes mixed-use assets concentrated in Swedish urban cores. Geographic exposure tilts heavily domestic on the real estate side, while the liquid and alternatives books reach North America and European markets. Chief Investment Officer Anders Evander oversees the combined investment and property-management functions — a dual mandate that collapses traditional manager silos. FPK operates from Stockholm, with governance ties to Svensk Försäkring, the Swedish Insurance Federation, where leadership figures from FPK have historically held board seats. FPK's structural differentiator is its closed, collective-agreement-grounded mandate. No individual insurance employer can withdraw assets or redirect contributions outside the framework established jointly with the unions. That architecture produces a liability stream defined by industry-wide demographics rather than any single company's workforce cycles. The result is an investment posture that can endure illiquidity and duration risk in ways that open-architecture pension providers cannot replicate.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Hedge Funds
- Secondaries & Special Situations

## People

- Caroline Örtengren — VD (Managing Director)
- Anders Evander — CIO & Property Manager

## Questions

### Who runs investment decisions at FPK?

Anders Evander serves as Chief Investment Officer and Property Manager, overseeing FPK's investment portfolio. He reports to Managing Director Caroline Örtengren. The dual title reflects the strategic weight of directly owned real estate within the fund's asset allocation.

### How is FPK governed and who sets its mandate?

FPK operates under a collective bargaining agreement between the Insurance Industry Employers' Organization (FAO) and the union Forena, with Akavia and Sveriges Ingenjörer as additional union partners. Employer and employee representatives sit on the board, setting investment policy and contribution levels. This bipartite structure removes commercial conflict from governance.

### Where does the underlying capital come from?

Capital comes from mandatory employer contributions paid by Swedish insurance companies for their white-collar employees, governed by a collective agreement between FAO and the union Forena. The covered population numbers approximately 17,000 current and former insurance-sector workers.

### Is FPK's AUM publicly reported?

FPK does not publicly disclose total assets under management. Covering roughly 17,000 members within a single industry, the fund's asset base is material for its liability profile but not publicly benchmarked against larger AP funds or commercial competitors.

## Related profiles

- [Försäkringsbolaget PRI Pensionsgaranti](https://altss.com/profile/f-rs-kringsbolaget-pri-pensionsgaranti)
- [Fairfield (Conn.) Retirement Funds](https://altss.com/profile/fairfield-conn-retirement-funds)

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Last updated: 2026-08-11T02:43:31.692Z

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