Life insurance giant Skandia ended 2021 with an AUM that had grown to SEK 842bn (EUR 80bn), up from SEK 714bn (EUR 67bn) at the end of the preceding year. Of those assets, SEK 610bn (EUR 57bn) is in the insurer’s life division which manages the traditional life insurance portfolio.
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The redundancies are part of PFA’s strategy to cut costs and simplify the business, PFA’s CIO Kasper A. Lorenzen tells AMWatch.