Finland’s State Pension Fund bumps up against asset class limits
Demographic changes have turned cashflows negative for Valtion Eläkerahasto (VER), the buffer fund for Finland’s central government staff pensions bill. The higher returns offered by equities suit the fund as it races to keep up with its outflows, but at 47 percent VER’s equity allocation is now getting close to the limit, the fund’s CEO tells AMWatch.
BY RACHEL FIXSEN
Among large pension funds, The State Pension Fund of Finland — Valtion Eläkerahasto (VER) — is something of an anomaly, acting as a buffer fund for the central government’s staff pension obligations.
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