Insurer profile
Alecta Tjänstepension Ömsesidigt
Alecta Tjänstepension Ömsesidigt · Sweden
Overview
Alecta is a Swedish mutual occupational pension company, owned by its customers (companies and their employees), that has managed collectively agreed occupational pensions — primarily ITP for privately employed salaried workers — since 1917.
Source10
Products in this market
Company details
- Regulator
- Swedish Financial Supervisory Authority (Finansinspektionen)
- Phone
- +46 8 441 60 00
Products from Alecta Tjänstepension Ömsesidigt
Life9
ITP 2 Retirement Pension (Defined Benefit)
A defined benefit occupational retirement pension for privately employed salaried workers born 1978 or earlier, guaranteeing a set percentage of final salary paid for life from age 65.
ITP 1 – Alecta Optimal Pension (Defined Contribution)
A defined contribution occupational retirement pension (Alecta Optimal Pension) for privately employed salaried workers born 1979 or later, where the employer pays a set percentage of salary monthly and the final pension depends on accumulated capital and returns.
Original ITPK (Legacy Supplementary Pension)
A legacy supplementary defined-contribution pension component that customers can choose to transfer into Alecta Optimal Pension for potentially better returns.
ITP 2 Family Pension (Survivor's Pension)
A defined benefit survivor's pension included in ITP 2 for employees earning above a set threshold, providing a monthly lifelong benefit to a spouse or registered partner and children after the insured's death.
Group Life Insurance (TGL – Occupational Group Life Insurance)
A group life insurance included in the ITP package that pays a tax-free lump sum to the employee's family if the employee dies before retirement, with the employer covering the cost.
ITP Family Protection (Optional Survivor's Benefit)
An optional add-on survivor's insurance for ITP holders that pays a chosen fixed benefit amount to the family for 5, 10, 15, or 20 years if the insured dies before retirement.
Premium Waiver Insurance (Premiebefrielseförsäkring)
A premium waiver insurance automatically included in ITP that ensures pension contributions continue to be paid on behalf of an employee who is on long-term sick leave or parental leave, so the employee does not lose pension accrual.
ITP International (Overseas Assignment Supplement)
A supplementary ITP insurance for employees working abroad for more than one year, providing enhanced sick pay, possible additional retirement pension contributions, and extended survivor's cover when the Swedish social insurance system no longer applies.
Continuation Insurance TGL (Post-Employment Group Life)
A continuation of the TGL group life insurance available for employees to take over personally within three months after leaving employment, maintaining a lump-sum death benefit paid to survivors.
Regulatory updates
In March 2026, Finansinspektionen (FI) concluded its multi-year investigation into Alecta's investments in Heimstaden Bostad, finding that Alecta had failed in its risk control and had not invested assets in a manner that best served current and future pensioners; FI issued a formal warning together with a sanction fee of SEK 50 million. FI's review covered the period from October 2019 to August 2023 and noted that the shareholder agreement with Heimstaden Bostad's other owners was highly complex. Following the sanction, Alecta highlighted that a comprehensive improvement program covering governance, risk management and asset-management competence, launched in 2023, was fully implemented during 2025. Alongside the sanction, the company has also seen leadership changes, with CEO Peder Hasslev retiring on 1 September 2026 and being succeeded internally by former asset management head Pablo Bernengo.
