FINLAND - Allocations to hedge funds by pension and pension-related funds have doubled since the start of the year, the latest statistics from the Finish Pension Alliance (TELA) have shown.
FINLAND - Two large pension insurance companies have become major investors in chemicals group, Kemira Oyj, after the state sold its shares in the firm.
FINLAND - The State Pensions Fund (VER) posted a return of 7% over 2006, with assets totalling over €10bn at year end.
FINLAND - Three of Europe's largest pension funds have invested equal capital in a new and customised property fund launched by Aberdeen Property Investors.
FINLAND - People are still retiring far too early in Finland despite efforts to push back the retirement age by two to three years, the Finnish Centre for Pensions (Eläketurvakeskus/ETK) has found.
FINLAND - The Finnish pension industry has welcomed proposed changes to real estate laws but vowed not to give up on the establishment of a Finnish Real Estate Investment Trust (REIT) model.
EUROPE - Merrill Lynch Investment Managers (MLIM) has recruited Tomas Bristedt to its retail wholesale Nordic team, with responsibility for the Nordic region.
FINLAND - The State Pensions Fund (VER) posted a return of 0% for the first half of 2006, with assets rising just e100m from year-end 2005.
FINLAND - The expected effective retirement age has not yet increased, despite being a key aim of the 2005 pension reform.
FINLAND - The e20bn Local Government Pensions Institution (KEVA) is to reduce its allocation to fixed income over time while increasing the portion of high yield in its portfolio.
FINLAND - Nordea Investment Management has appointed Staffan Sevón as its new chief investment officer, responsible for portfolio management in Finland with operational focus on Finnish equities.
FINLAND - A raft of proposals to overhaul the Finnish pension system hang in the balance as a June deadline set for the ministry of social affairs and health to submit the proposals to parliament approaches.
FINLAND - Reforms introduced in 2005 unnecessarily add to future pension costs and should be reconsidered, the Organisation for Economic Co-operation and Development (OECD) has claimed.
FINLAND - Finns are still retiring on an earnings-related pension at 59, no increase on the 2004 level, even though an increase of this retirement age by up to three years has been a key objective of Finnish pension policy.
FINLAND - The e20bn Local Government Pensions Institution (KEVA) will put forward plans to its board of trustees to restructure its asset portfolio on the back of consistently low interest rates.
FINLAND - Finland's population will age faster than any other EU member state over the next 20 years, but that will not lead to a pensions crisis thanks to longer careers and partial funding, the Ministry of Finance has claimed.
FINLAND - Finnish pension funds will be allowed to increase their equity holdings from the current limit of 25% to 35% over the next five years under a new buffer fund designed to equalise the investment risk resulting from fluctuations in share value....
FINLAND - The e8.2bn State Pension Fund returned 14.9% in 2005 on the back of strong returns from equities and fixed income.
FINLAND - The real value of earnings-related pensions could increase by 50% during the next 20 years, with the real value of pensions set to double by 2050.
FINLAND - The market risk in equity investment would in the future be borne by Finland's pension system as a whole, under a new proposal for a buffer system put forward by the Permanent Negotiating Group of the Finnish social partners.
FINLAND - Aberdeen Property Investors is launching a new open-ended property fund targeting Finnish institutional investors that will invest in a portfolio of real estate in Finland.
FINLAND - The Finnish government is considering an industry proposal that would allow pension institutions to develop their own stress tests to measure short term investment risk as part of a wider review of the investment rules in Finland.
FINLAND - The e7.5bn State Pension Fund put its 8.2% return for the first half of the year to rising equity markets, particularly in Asia and the Nordic countries and falling interest rates.
FINLAND - Kuntien Elkevakuutus, the e15.7bn Local Government Pensions Institution (LGPI), is set to revamp its investment strategy and is considering new allocations to hedge funds and commodities.