The judges selected FTN as the winner in Sweden for its exemplary demonstration that public institutions can harness collective purchasing power to secure high-quality funds at attractive charges for savers in the Swedish public pension system. FTN’s work is outstanding, offering lessons for other countries. FTN’s strategy centres on rigorous fund selection, ensuring only managers with robust processes, proven performance, and strong sustainability credentials are included. By procuring over SEK400bn (€35bn) in assets, FTN has delivered institutional-level pricing to all savers, cutting fees by 50% to between 4 and 20bps. This disciplined, transparent, and performance-driven approach demonstrates the way in which FTN’s strategy directly strengthens retirement outcomes for six million Swedish citizens. The organisation’s ongoing refinements, such as updates to the evaluation model on costs, demonstrate a commitment to learning and improvement. The integration of government oversight, radical cost efficiency, innovative market design, and early strong performance positions this model as a global benchmark.