IPE's Finland Coverage – Page 21
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News
VER returns 5.3% on equity gains
[17:00 CEST 28-08] FINLAND – Improvements in equity markets helped Valtion Eläkerahasto (VER), the State Pension Fund, post a return of 5.3% in the first half of 2009.
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Ilmarinen investments jump €2bn on 6.6% return
[17:10 CEST 21-08] FINLAND – Ilmarinen Mutual Insurance Company has reported an increase in its investment assets of €2bn in the first half of 2009, as it revealed its "best ever quarter" in terms of investment performance.
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Finnish H1 pension figures stay positive
[16:00 CEST 20-08] FINLAND – Three of Finland's mutual pension insurance companies have posted positive first half results, but Tapiola Pension yielded the highest return of 4.9%.
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Positive gain for Varma ups assets by €2bn
[16:50 CEST 17-08] FINLAND – Varma Mutual Pension Insurance Company reported a first half return of 4.6%, resulting in the value of the investments increasing by almost €2bn to €26.5bn.
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Keva posts 6.5% return in H1
[16:55 CEST 06-08] FINLAND - Kuntien eläkevakuutus (Keva), the local government pension institution, generated a return on its investments of 6.5% in the first half of 2009 following a continued rally from equity markets.
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Keva to set up transition manager panel
[16:50 CEST 30-07] FINLAND - Kuntien eläkevakuutus (Keva), the Finnish Local Government Pensions Institution, is looking to establish a transition manager panel for its €20bn scheme.
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Management at state firms 'should switch to DC' - Finnish report
[17:00 CEST 16-06] FINLAND – An independent working group established to review remuneration and pensions at Finnish state-owned companies has recommended that all existing schemes should be replaced with defined contribution (DC) pensions.
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Workplace healthcare 'key' to delaying retirement
[17:15 CEST 08-06] FINLAND – The average retirement age for employees would increase by a year if “effective occupational health care schemes” are provided at all workplaces, the Central Organisation of Finnish Trade Unions (SAK) has claimed.
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VER loses 2.4% in Q1
[17:25 CEST 06-05] FINLAND – Valtion Eläkerahasto, the State Pension Fund, generated a return of -2.4% in the first quarter of this year, reducing the value of its investments to €10.16bn.
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Etera and Veritas Q1 losses stay below 2%
[16:10 CEST 28-04] FINLAND – Etera Mutual Pension Insurance Company and Veritas have reported their pension funds suffered small losses in the first quarter of 2009 of -1.4% and -1.3% respectively.
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Finnish self-employed are undersaving by a third
[16:30 CEST 24-04] FINLAND – A study suggests Finnish self-employed workers are not paying enough into their pension funds as the levels of self-employed persons pensions insurance (YEL) policies are about a third lower than actual annual income.
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Positive Q1 boosts Varma value
[13:30 CESt 24-04] FINLAND – Varma Mutual Pension Insurance company has reported a positive first quarter performance of 0.3%, although its rival Eläke-Fennia produced a slightly poorer result of -0.2%.
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Ilmarinen sees positive results in Q1
[14:00 CEST 23-04] FINLAND – Ilmarinen Mutual Insurance Company has reported a positive first quarter return of 0.2%, as fixed income investments performed well.
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Finnish pensions had 'worst year' in 2008
[16:55 CEST 16-04] FINLAND – Suomen Pankki, the Bank of Finland, has revealed 2008 was the "worst year in the history of employee pension schemes", following the slump in equity prices.
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Real estate helps limit Ilmarinen losses
[16:55 CET 25-02] FINLAND – Real estate investments helped limit losses by the Finnish pension fund Ilmarinen as it reported an overall loss of €4.34bn in 2008.
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Tapiola and Varma figs show hedge fund impact
[15:00 CET 17-02] FINLAND – Final year figures from Varma and Tapiola have highlighted the impact of investment strategies, in particular the use of hedge funds, in 2008.
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Finnish funds fall an average 14%
[12:00 CET 11-02] FINLAND – The Finnish Pension Alliance TELA has revealed Finnish pension funds decreased in value by 14% last year as a result of their high exposure to equities.
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VER may take 10% of local commercial paper
[16:30 CET 10-02] FINLAND – Valtion Eläkerahasto (VER), the state pension fund, has increased its allocation to commercial paper markets by €100m in February, although government plans to use it to help boost the economy could see it taking a 10% share of the market.
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Finland to set guaranteed pension level from 2011
[16:30 CET 02-02] FINLAND – The Finnish government has announced a guaranteed minimum pension for pensioners will be introduced in 2011.
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State fund to boost economy through corporate debt
[16:20 CET 28-01] FINLAND – The ministry of finance is to allow the State Pension Fund VER to purchase commercial paper in “significant and solid Finnish companies” as part of a series of proposals to help boost the Finnish financial markets.