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pensions

Deputy CEO Fired for Switching Savings

Published tisdag 17 mars 2009 kl 11.17
Former deputy CEO Ingvar Skeberg

The deputy head of pensions giant AMF has been fired - for protecting his own pension savings from one of the company’s decisions.

In February AMF pensions’ board decided to temporarily lower the value of their savers’ pension capital. This did not please deputy head Ingvar Skeberg, who moved his own pension fund from AMF’s regular insurance account to one where he was protected from the board’s decision.

The board’s chair, Göran Tunhammar, says this is looked on as a very serious matter - and when it came out, it resulted in the deputy head being given his marching orders.

Ingvar Skeberg protests that what he did was not against the law - but he admits that he should have thought more about the moral implications of his act.

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