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.

Timo Viherkenttä, CEO of Finland's State Pension Fund. | Photo: PR

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.

“We don’t have direct pension liabilities in the same way as many others,” VER’s chief executive Timo Viherkenttä tells AMWatch in the fund’s sixth-floor offices in downtown Helsinki.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch