Paid-up policy (fribrev)
A fribrev is what your occupational pension becomes when contributions stop, usually when you change jobs. What you have built up stays and is still managed, but no new premiums come in. Over a working life you can accumulate several fribrev from old employers.
How it arises
As long as you stay with an employer it pays into your avtalspension. When you leave, the contributions stop and the accrued value becomes a fribrev at the same provider as before. The capital stays invested and can grow (or fall) with the market, but it is no longer topped up with new money.
Defined-benefit pension (ITP2)
For a defined-benefit pension such as ITP2, the fribrev is instead a promised amount, a guaranteed pension you have earned, rather than a fund value that swings with the market. It is uprated over time but works differently from a defined-contribution fribrev.
Where it shows up
- Pension calculator
Old fribrev keep being charged fees, and it is easy to lose track. It can pay to gather them at a low-fee provider via flytträtt (the right to move). Check first that you do not lose guarantees or survivor cover in the move.