The judges have awarded the top European prize to the Swedish Fund Selection Agency (FTN) in recognition of its outstanding transformation of Sweden’s state defined contribution pension system. FTN has demonstrated a remarkable ability to combine innovation with solid foundations, creating a platform that delivers tangible benefits to savers. Over the past two years, FTN has implemented initiatives that have significantly reduced fees, ensured rigorous vetting of fund managers, and maintained first-class investment returns, all underpinned by exemplary governance standards. This pioneering approach has made Sweden the first country globally to operate a state-procured DC fund platform, reshaping the first-pillar pension system and directly impacting six million citizens. The overall transformation is exemplary, offering a benchmark for other nations. The judges were particularly impressed by the combination of market efficiency, public accountability, and a clear focus on member choice, which together reflect genuine innovation and thought leadership in public pension design.