First Republic: Alecta Leads Lawsuit Against First Republic Bank

Swedish pension giant Alecta manages the accounts of 2.8 million private individuals and 35,000 companies in Sweden according to its "Alecta in Brief" table. Alecta is organized as a mutual insurance company, with a mandate to return surplus profits to clients. Fees charged for services are 0.09%. It is the fifth largest pension in Europe...