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Pensionsskola
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On the savers' side
What does Collectum do?
As an administration company for the collectively agreed occupational pension ITP, Collectum is part of the Swedish social security system. The competitive tenderings we carry out on behalf of the labour market parties have resulted in lower fees, which means more pension for you as an employee.
Our remit is divided into the following four main areas:
- conducting competitive tender processes to appoint the insurance companies who will manage salaried employees’ ITP pension
- managing the ITP plan
- acting as the selection centre for salaried employees in the private sector
- providing information to employers and their salaried employees about the ITP occupational pension.
The management we perform includes collecting information on, for example, salaries from employers. Based on this information we invoice pension premiums and then distribute the money to the insurance companies that you as a salaried employee have chosen.
Our organisation is financed through a fee that is taken from the premium paid by the employer.
Selection centres are independent
Wondering what to choose?
As we are independent, we don’t give any advice on where you should invest your ITP 1 or ITPK capital. We do, however, help you to understand your occupational pension so that you can make the choice that suits you.
The competitive tendering we carry out ensures that all of the insurance companies you can choose between have low fees and high returns historically – so you can feel confident that you’re making a good choice, whichever company you choose.
Collectum is independent of all insurance companies and is a not-for-profit organisation. We don’t manage any money and don’t earn anything on the basis of which particular insurance company you choose.
If you’re considering hiring a pensions adviser, remember to check what this will cost and how the cost will impact your pension. A few tenths of a percentage might not sound like much, but it could result in your pension being reduced by a lot more than you think.
Organisations you should know about
What do the other organisations do?
Collectum is not the only organisation in the pensions sector. Here are some of the others:
- Pensionsmyndigheten
External link. (the Swedish Pensions Agency) manages and pays the national public pension from the state. - Försäkringskassan External link. (the Social Insurance Agency) decides on and pays benefits that are included in Swedish social security (such as parental benefit and sickness benefit).
- Alecta External link. manages and pays the ITP 2, which is the usual ITP occupational pension for people born in or before 1978 (though some companies have chosen the ITP 1 for all employees, irrespective of age).
- The eligible insurance companies for the ITP have won a competitive tender conducted by Collectum to manage ITP 1 and ITPK pensions for salaried employees. Collectum is completely independent from all insurance companies.
- Afa Försäkring External link. handles and pays out the collectively agreed insurance policies that supplement the statutory insurance policies in the event of illness, work-related injury, shortage of work and death.
- Minpension.se External link. is an independent and free website (in Swedish) for everyone who accrues a pension in Sweden. It is based on a collaboration between the Swedish state and the pension companies.
There are many other pension organisations in addition to these, such as other selection centres, which you may come into contact with if you have worked in other sectors and agreement areas. For example, if you work as a manual worker at a private company that has a collective agreement, the occupational pension is called SAF-LO Collective Pension Insurance (Avtalspension SAF-LO), and the selection centre is Fora External link..