As an alternative to paying premiums to life insurance companies, pension commitments can be managed as book reserve method pensions. This means setting aside all or part of the pension liability in the balance sheet and/or making a provision to a pension fund. The procedure is governed, among other things, by contracts or collective agreements, which also regulate any credit insurance requirements.
There are currently more than seventy major pension foundations, the majority of which secure pension commitments under the ITP 2 plan. About twenty of these are currently managed by PRI Stiftelsetjänst AB. We are a market leader in the field and an independent operator. This means that we are not linked to a specific operator or manager and we do not have our own asset management.
The foundation's accounts department
PRI Stiftelsetjänst functions, in principle, as the foundation's accounts department and also handles formalities and contacts with authorities. We thus reduce the company’s workload and save time while providing broad support, resulting in order and structure. Our broad expertise and long experience, combined with established routines, are our main strengths.
Benefits of outsourcing to PRI Stiftelsetjänst
Pension funds and their management are something of an anomaly for most businesses. The challenge of an increasing stream of regulatory and legislative changes is also a powerful reason why many choose to focus on their core business and outsource these types of services. In addition, staffing levels are secured and dependency on individuals is reduced when it comes to expertise issues. Many of the companies behind the pension foundations are co-owners of PRI Pensionsgaranti and thus find advantages in "gathering everything under one roof" at a long-term operator.