“I very much look forward to this assignment,” says Anna Kinberg Batra. “It is an important industry with high demands on security and change. Both are needed and Avanza is good at combining them.”
Avanza has been campaigning for years to give individuals more control over their pension savings. It is an area where the industry is dependent on politicians’ decisions to ensure a functioning market with enough competition and where Anna Kinberg Batra’s extensive experience will be an important contribution to Avanza.
The government has had an ambition for several years to simplify the transfer market, and regulations this summer will point in the right direction. There are still limits on transfers of pension savings, however. Today’s transfer rights only cover pensions signed after 2007.
“For us at Avanza, having control over your own pension is a question of democracy. I am very pleased therefore as chairman of Försäkringsaktiebolaget Avanza Pension to welcome Anna Kinberg Batra to the pension company’s board of directors,” says Rikard Josefson, CEO of Avanza.
“Old structures, inefficiencies and a reluctance among many companies makes it complicated for savers to transfer their pensions, at the same time that it can initially be costly. Avanza’s vision is to create a better future for millions of people. It’s the politicians who will determine how quickly we achieve this vision,” says Sven Hagströmer, founder of Avanza and Chairman of the Board of Avanza Bank Holding AB.
Public pension and welfare systems are shrinking and individuals are being forced to take greater responsibility for their personal finances. A good occupational pension and personal savings can make a big difference in retirement. Avanza has offered both occupational pension savings and private pension savings since the early 2000’s.