Kyrkans pension

What Kyrkans pension does

Kyrkans pension is a Swedish occupational pension association (tjänstepensionsförening) that administers the statutory occupational pension scheme for all employees of Svenska kyrkan (the Church of Sweden). Founded in 1999 as Kyrkans pensionskassa in connection with the separation of the Swedish Church from the state, the organization was reorganized under new IORP regulation and rebranded in January 2021. It operates as a mutual, non-profit entity governed jointly by the Swedish Church employer organization (Skao) and employee trade unions through a board with equal representation. As of December 31, 2025, the association manages 27.7 billion SEK in total assets across 102,457 insured members and ~19,246 pensioners, with a 267% solvency ratio, a 4.2% total return for 2025, and a 6.3% five-year average return.

The product portfolio is built on three core systems: the SKAPA för arbetsgivare insurance administration platform used by Church employers (parishes, pastorat, dioceses, national offices) to report salaries and manage pension premiums under the TPA18 collective agreement; the Mina sidor member portal providing pension capital visibility, pension applications, and forecast simulations to individual employees and pensioners; and capital management investing across bonds, equities, real estate (via ~69% stake in Fastighets AB Stenvalvet), and alternative investments under an explicit ethical investment policy. Supplementary offerings include survivor protection, repayment protection, and salary conversion (löneväxling). Technology infrastructure is built and maintained in partnership with Xlent (long-term IT partner), with DORA and EU Accessibility Act compliance frameworks in place and BankID/Freja eID authentication for member access.

The business model is asset-driven and capital-intensive. Premium income of 621.3 Mkr SEK in 2025 (up 7% YoY from 580.5 Mkr) is generated via mandatory employer contributions under TPA18 (4.5% of salary up to the income ceiling, 30% above). Investment returns on the 27.7B SEK AUM portfolio generate additional economic value, with the association returning surplus via premium discounts (100% discount on the defined-benefit plan for 5 consecutive years) and återbäringsränta adjustments on premium-based pensions. Operating efficiency is exceptional at 0.22% administrative cost ratio, achieved with a headcount of only ~5-6 at headquarters. Revenue concentration is structurally total: a single counterparty (the Swedish Church employer organization) and a single collective agreement (TPA18) define the entire addressable market.

Name

Kyrkans pension

Legal name

Kyrkans pension

Website

https://kyrkanspension.se

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1–10 employees

Short description

Kyrkans pension is a Swedish occupational pension association administering the TPA18 pension scheme exclusively for Svenska kyrkan employees, managing 27.7 billion SEK in assets for 102,457 members through its proprietary SKAPA employer system and Mina sidor member portal.

Ownership category

akta.pro rank

Product category

Occupational Pension Services

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Life Insurance (6311)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Pensions, Benefits & Retirement Disbursements (FSAMAKAI), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Occupational pension services
• Defined contribution pensions
• Pension fund management
• Employer pension administration
• Retirement income planning

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Pension Premium Income: Premium contributions from Swedish Church employers based on collective agreement TPA18. Employers pay 4.5% of salary up to income ceiling and 30% on salary above ceiling for employees born 1959 or later.
2. Investment Returns on Pension Capital: Returns on invested pension capital from diversified portfolio including equities, fixed income, real estate (via Stenvalvet), and alternative investments. Total assets of 27.7 billion SEK generating investment income.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Kyrkans Pension is an occupational pension association (tjänstepensionsförening) that administers and provides occupational pension schemes to all employees of the Swedish Church (Svenska kyrkan) under the TPA18 collective agreement. It manages pension capital through diversified investment across equities, fixed income, real estate, and alternative investments, while serving approximately 102,457 insured members and 19,246 pensioners with 27.7 billion SEK in total assets. The offering includes contribution-based, premium-based, and benefit-based pension plans, survivor protection, salary conversion, and digital self-service via the Mina sidor member portal and SKAPA employer administration system.

Product overview

Kyrkans pension operates as a tjänstepensionsförening (occupational pension association) serving employees of the Swedish Church. The company offers a comprehensive occupational pension platform consisting of the core Mina sidor member portal for viewing pension capital and submitting applications, the SKAPA för arbetsgivare system for employer administration, and a portfolio of pension products including contribution-based (avgiftsbestämd), premium-based (premiebestämd), and benefit-based (förmånsbestämd) occupational pension schemes under the TPA18 and KAP-KL agreements. Supplementary offerings include salary conversion (löneväxling), survivor protection ( efterlevandeskydd) with repayment protection, and professional capital management investing across bonds, equities, real estate, and alternative assets. The product ecosystem enables members to manage their complete pension journey from enrollment through retirement and legacy protection.

Differentiator

Problem solved

Functional benefit

Brands

• SKAPA: Insurance administrative system for employers to report employee pension information
• Mina sidor

Products and services

• Tjänstepension (Occupational Pension) Core occupational pension umbrella product for employees within the Swedish Church, encompassing contribution-based, premium-based, and benefit-based pension schemes under the TPA18 and KAP-KL collective agreements.
• Avgiftsbestämd tjänstepension (Contribution-Based Occupational Pension) Contribution-based occupational pension where the employer pays a fixed percentage of the employee's salary into the pension. Applies under TPA18 to employees born 1959 or later, with 4.5% premium on salary up to the income base amount ceiling and 30% on salary above.
• Premiebestämd ålderspension (Premium-Based Retirement Pension) Premium-based retirement pension with flexible withdrawal options including lifetime payments or fixed periods of 5, 10, or 15 years, with återbäringsränta (interest on returned premiums) applied to the capital.
• Förmånsbestämd tjänstepension (Benefit-Based Occupational Pension) Benefit-based occupational pension providing guaranteed pension levels based on final salary, applicable to employees born 1958 or earlier or those with transitional rules. Kyrkans Pension has offered a 100% premium discount on this plan for 5 consecutive years.
• Intjänad pensionsrätt IPR (Earned Pension Rights) Earned pension rights accrued under the previous KAP-KL agreement, applicable to employees with transitional arrangements.
• Tjänstepension PA-KL Occupational pension scheme under the PA-KL collective agreement for certain employee categories within the Swedish Church.
• Efterlevandeskydd (Survivor Protection) Survivor protection package including survivor pension and repayment protection, ensuring family members receive pension benefits in case of the member's death.
• Mina sidor (My Pages Portal) Personal online portal for members to view pension capital, current benefits, pension forecasts, reported employments and salaries, survivor protection details, and all correspondence from Kyrkans Pension. Members can apply for pension withdrawals, simulate retirement scenarios, and manage account preferences.
• SKAPA för arbetsgivare (Employer Administration System) Insurance administration system for employers within the Swedish Church to report employee data, manage annual reporting, pension applications, salary conversions, and other pension-related administrative tasks. Includes accessibility-compliant interface with screen reader support, keyboard navigation, zoom, and contextual help.
• Kapitalförvaltning (Capital Management) Investment management services for pension assets, investing across four asset classes (bonds, equities, real estate via Stenvalvet, and alternative investments) to maximize returns within controlled risk parameters. Total assets of 27.7 billion SEK with 267% solvency and 6.3% average 5-year return as of 2025.

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Financial Consulting Hub (FCH)minorImplementation/ SI/ Consulting Partner · 5 February 2026Regulatory consulting partner. Thomas Kellagher hired as Regulation Manager (starting May 2026) to replace FCH consulting contract for regulatory matters.
• XlentcoreTechnology or Integration · 1 January 2012IT partner responsible for development and maintenance of SKAPA insurance administration system, actuarial calculations, and IT infrastructure. Ongoing collaboration with quarterly actuarial forums.
• Fastighets AB StenvalvetcoreStrategic or Co-development Partner · 1 January 2010Real estate investment partnership. Kyrkans Pension was co-founder through original Lönnbacken Fastigheter initiative with AI Pension and Alecta. Stenvalvet owns and manages community properties (schools, elderly care, healthcare) contributing to welfare society while growing pension capital. Kyrkans Pension increased stake to ~69% in 2022.
• Svenska kyrkans arbetsgivarorganisation (Swedish Church Employer Organization)coreStrategic or Co-development PartnerCollective bargaining partner for occupational pension agreements (TPA18, KAP-KL). Joint governance through pension board with equal representation from employer organization and employee unions.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Alecta: Major Swedish occupational pension fund for private-sector white-collar workers (ITP plan); competitor for capital and benchmark returns even though it serves a different collective agreement.
• Folksam: Swedish mutual insurance company offering occupational pensions, life, and non-life insurance; comparable mutual structure and similar pension product portfolio with values-based branding.
• SPP Pension & Försäkring (Storebrand): Swedish occupational pension provider for union-negotiated agreements; directly competes for the same defined-contribution and defined-benefit mandates and provides benchmark return comparisons.
• Kåpan Pensioner: Swedish government-employee occupational pension fund; closest analogue as a single-employer-group occupational pension association with collective-bargained mandate and similar mutual structure.
• AMF Pension: Swedish occupational pension fund for blue-collar private-sector workers via collective agreement; directly comparable product mix, defined-contribution/defined-benefit offering, and return benchmarks.
• KPA Pension: Occupational pension provider for municipal and region employees in Sweden; same mutual, collectively-bargained business model serving a defined employer cohort under PA-KL-style agreements.

Regional players

• PenSam: Danish labor-union-affiliated occupational pension fund; structurally analogous mutual pension association serving a single employee group via collective agreement, though operating in Denmark.

Broad incumbents

• Skandia: Large Swedish life insurer with broad pension, savings and investment offerings; broader portfolio than Kyrkans pension but overlaps on occupational pension and capital management products.
• Länsförsäkringar Pension: Swedish regional mutual insurer offering pensions alongside banking and general insurance; comparable mutual ethos and asset-management approach, though with a much broader customer base.

Others

• Minpension.se: Swedish pension aggregation platform where Kyrkans pension already shares member data; an ecosystem/infrastructure partner rather than a competitor, useful for understanding industry data sharing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kyrkans-pension

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kyrkans pension