The Swedish government is examining radical restructuring proposals for the country's six giant AP state pension funds, which could hand tens of billions of euros to fund managers or lead to a merger of the funds' combined €70bn ($90bn) of assets.
A government-commissioned report from KPMG, the accountancy firm, into the funds' rising costs said they could outsource their assets â a move that would put into the market about €35bn of assets that are currently managed internally.
