Monyx has made use of a loophole in the regulatory framework in order to be able to take out a for savers hidden fee, no DN could tell earlier in the year.
the Fund company let their pension funds invest in the company’s own fund, but that the total fee needed to be reported to the relevant Authority. Moreover, had the Monyx a performance-based fee, which in practice meant that Monyx could get paid without having to give savers an achievement that corresponded to the risk savers took.
if to be left on the Pensionsmyndighetens fondtorg was the authority, not gracious. In its justification for the rejection of Monyx request abuzz with expressed as ”not set pensionsspararnas interests foremost”, ”damaged confidence in the pension system” and ”inappropriate fees”.
the Sawing was so total that Monyx for a couple of weeks ago, gave up and withdrew its application. Monyx funds are thus not eligible under the premium reserve system.
on Småspararguiden, which reviewed the Monyx, points to the still available funds to select the outside of the premium pension.
”an Estimated 13 billion managed still in the funds to high charges on 1,45-1.76 per cent,” he writes on his blog.
When the DN wrote about Monyx approach in the winter said to the company that they have already in november of last year had stopped to let the pension funds invest in räntefonden – just to be able to cope Pensionsmyndighetens requirements.