PPM - Passivt Placerande för Många
En analytisk studie av premiepensionsspararnas avsaknad av strategier för fondval
Introduction: In 1998, the pension system was changed and the so called PPM system was introduced. The PPM system is partly fund-based, partly distribution-based. There are approximately 700 different investment funds to choose between, at a maximum five for each individual. For persons who are not familiar with the financial market, the choice might be difficult. The lions? part of the investors do not seem to have an active strategy. Are the reasons for that the complexity of the system or which factors do influence the choice between different fund strategies?Problem area: The problem area of this thesis was to clarify the following questions: Why do not more peoples entitled to the Swedish PPM system make active investments and changes between different fund options? On the individual level, which factors influence how actively placements and changes are made within the PPM system?Propose: Our mission was to investigate the reasons for the lack of activity of the individuals entitled to the benefits of the Swedish PPM system.Methods: Our main approach was to quantitatively analyse the relations and to draw conclusion based on the questionnaire answers from a cohort of 100 respondents living in the city of Stockholm. The results were statistically analysed by using the computerised program SPSS.Results: The lack of knowledge, experience and interest seem to be the factors most positively associated with the lack of initiative to actively make use of the possibilities offered by the PPM system.Conclusions: The quantitative analysis performed indicates that a large majority of the Swedish population lack the qualities needed to manage the money obtainable within the Premium Pension System. It is evident that there are individual differences depending on educational level, income, age and risk attitude.