Keva turns corner as pension payouts outweigh contributions
Finland's biggest pension fund, with more than EUR 50 billion of assets, has turned a crucial corner which puts more pressure on its investment team: Pensions paid out of the local government pension fund are set to outweigh contributions this year for the first time.
Assets in the huge investment portfolio of Keva, the pension fund for local government staff in Finland, generated EUR 2.6 billion in returns in the first nine months of this year. It is a profit of 5.3 percent on a diversified collection of assets, and higher than the 4.2 percent the fund produced for the same period in 2016. But the pension fund warns that creating investment returns will become increasing important in future as its membership profile shifts.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
.jpg&w=384&q=75){kind=logo}
