Finland’s supplementary pension system is dominated by pension insurance companies Varma, Ilmarinen and Elo. Keva manages local government pensions and VER is in charge of state pensions. The pension insurance companies manage a financed component of the first pillar, so are not IORPs under EU law. The government has recently been pushing social partners to agree stabilise contribution levels to the workplace pension system. Pension insurers would prefer reforms to solvency rules to allow them greater leeway to invest in equities, which could in turn lower contribution rates.
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
Pension fund/entity | Assets (€’000)
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
‘The end of the year already looks considerably more restless,’ says Keva CEO Jaakko Kiander
Norwegian SWF manager works with UNICEF to highlight companies’ impact on children’s rights through their digital activities
News that Europe now outperforms US on 10-year venture capital returns is ‘springboard’ for creation of better capital market infrastructure this side of the Atlantic, says Löyttyniemi
According to the latest Pension Barometer by the Finnish Centre for Pensions, 80% of respondents reject the notion of cutting pensions
Finnish pensions heavyweight outlines its idea of a good reward system, after focusing on executive pay in AGM season, amid greater transparency
Company | Assets (€m)
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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Nordic Region
Fear and uncertainty are rattling markets, but financial concerns are dwarfed by the human suffering caused by the war in Ukraine. In Finland, people have particular reason to worry due to the country’s long land border with Russia.
We asked pension funds in Spain, Germany and Finland about their current views on European fixed income and credit as the ECB looks carefully at the timing and sequence of its rate cuts
‘The end of the year already looks considerably more restless,’ says Keva CEO Jaakko Kiander
Norwegian SWF manager works with UNICEF to highlight companies’ impact on children’s rights through their digital activities
Skandia calls for ITP review; Sweden’s Fund Selection Agency on the look-out for sustainability/ESG platforms; Finland’s VER chief on capital market infrastructure
News that Europe now outperforms US on 10-year venture capital returns is ‘springboard’ for creation of better capital market infrastructure this side of the Atlantic, says Löyttyniemi
Pension funds face very real cyber security risks and must prepare for regulatory changes, such as the EU’s Digital Operational Resilience Act. IPE asked European pension funds about their strategies to deal with cyber crime
According to the latest Pension Barometer by the Finnish Centre for Pensions, 80% of respondents reject the notion of cutting pensions
Finnish pensions heavyweight outlines its idea of a good reward system, after focusing on executive pay in AGM season, amid greater transparency
Jonna Ryhänen, CIO of Finland’s €31bn Elo, tells Pirkko Juntunen about strategic asset allocation, investing for change and in-house expertise
Jari Sokka says that the cost savings of pension mergers are not be worth the price