Finnish pension assets saw negative return of -5.3% in the first quarter of this year in real terms mainly due to the drop in market value of listed stocks. Increasing interest rates also played a role, and the current outlook is so uncertain it is causing concern, reports the Finnish Pension Alliance (Tela).
“We knew to expect insecurity for this year. We weathered the first quarter and managed to keep our feet rather dry so to say – taking the world situation in account – but uncertainty will continue,” says Tela’s analyst Kimmo Koivurinne in a statement.
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