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
Finnish pensions giant says code drawn up for use of the emerging technology is mainly about risk management and good governance
‘Occupational pension system far too valuable to be sacrificed to efforts to promote mass capitalism,’ says Sokka
High-profile Finnish pensions CEO says has enjoyed his “vantage point in investment markets”
Plus: NBIM responds to EU consultation on capital markets supervision; AkademikerPension CIO warns of targeted ads impact
Pensions lobby group TELA adds plea for disability risk management to be defined in law
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.
Finnish pensions giant says code drawn up for use of the emerging technology is mainly about risk management and good governance
‘Occupational pension system far too valuable to be sacrificed to efforts to promote mass capitalism,’ says Sokka
High-profile Finnish pensions CEO says has enjoyed his “vantage point in investment markets”
Plus: NBIM responds to EU consultation on capital markets supervision; AkademikerPension CIO warns of targeted ads impact
Pensions lobby group TELA adds plea for disability risk management to be defined in law
Danish pension funds favoured European equities in Q1, central bank data shows
Pölönen to continue at Finnish pensions insurer for the next six months, or until a successor is found
ATP’s Præstegaard emphasises importance of guarantees in unpredictable times, while NBIM turns in a small loss for Q1
Pensions insurer currently scheduled to review the income of some 12,000 entrepreneurs
Denmark’s statutory pension fund defends its results after Finnish Centre for Pensions ranks its real returns as lowest