Lumera’s customers winners in this year’s ITP procurement

Insights

05/12/2023

In an industry where the quality of services is constantly challenged, we at Lumera are proud that seven of our customers have been selected for the 2023 ITP procurement. The ITP procurement, conducted every five years by Collectum, is a standard for occupational pension products in Sweden. It provides selected companies a clear indication of their competitiveness, demonstrating their success in combining attractive products with good returns and low fees. In unit-linked insurance, Handelsbanken, Länsförsäkringar, Nordea, SPP and Swedbank were selected – all customers of Lumera. Lumera’s customers selected for traditional insurance included AMF, Folksam, Nordea and SPP. The latest procurement brings about further reductions in fees, benefiting all 2.6 million salaried employees in the private sector with occupational pensions via ITP. For the first time, fees for older products will also be reduced. The success of our customers reflects not only their strong position in today’s ITP market, but also their ability to promote favorable pension payments in the long-term. Lumera looks forward to continuing to support our customers and contributing to a brighter future for everyone involved.

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