The judges have selected The Swedish Fund Selection Agency (FTN) as this year’s leading public pension fund in Europe due to its outstanding combination of operational efficiency, investment performance, and innovative governance. By successfully reducing administrative costs by 50%, the fund has demonstrated a clear commitment to delivering value for money to participants in the funded component of the Swedish first-pillar pension system. This efficiency, coupled with excellent investment returns, positions FTN as a model of financial stewardship and long-term sustainability. The 2024 reshaping of Sweden’s first-pillar system reflects a forward-thinking approach, combining sound oversight with participants’ involvement through an independently operated, state-procured DC fund platform. Moreover, the fund’s robust and rigorous selection process for external managers exemplifies best practice in fiduciary responsibility and governance. Overall, this entity demonstrates how strategic management, cost discipline, and innovation can strengthen public pension systems.