All Finland articles – Page 22
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News
Tapiola Pension limits losses through equity cull
[16:15 CET 22-01] FINLAND – Preliminary figures from Tapiola Mutual Pension Insurance Company have revealed the firm generated a negative return of 8.3% in 2008, following its decision to reduce equity allocation over the year along with its lack of hedge fund exposure.
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News
Varma loses 15% in 2008
[16:00 CET 21-01] FINLAND – Varma Mutual Pension Insurance Company has announced preliminary figures for 2008 showing the firm's investments made a loss of 15.2% last year.
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News
Finnish local government fund drops 20% in 2008
[16:20 CET 19-01] FINLAND – The Local Government Pensions Institution (LGPI) has reported an overall investment return in 2008 of -20%, the worst figure in the institution's history.
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News
Ilmarinen lost 17% in 2008
[15:30 CET 15-01] FINLAND – Ilmarinen Mutual Insurance Pension Company has reported an annual return on investments of -17.5% in 2008, but has warned it will not look to fill the gap by "panicking and selling shares".
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News
Varma sells telecoms stake to Finnish gov't
[15:20 CET 19-12] FINLAND – Varma Mutual Insurance Pension Company has sold almost 10% of its shares in telecoms company Elisa Oyj to the Finnish government, in the completion of an earlier agreement.
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NewsFinnish pensions may require more risk-taking
[17:00 CET 03-12] FINLAND – The Bank of Finland has warned uncertainty about its ageing population and potential future tax rises of over 5% could destabilise the entire welfare state and lead to a future reduction in social services and transfers.
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News
6% Finnish pensioners below poverty line
[15:45 CEST 16-09] FINLAND – Around 6% of pensioners in Finland rely solely on the national pension in retirement, even though a full pension provides less than half of the median income of 60% - putting them below the poverty line, the Ministry of Social Affairs and Health has revealed.
