FINLAND - Regulatory pressures, which are forcing European pension funds to reduce their equity allocation and increase exposure to bonds, are having the opposite effect on Finnish pension insurance companies, which are looking to increase their equitys'...
FINLAND - The Finnish Centre for Pensions (FCP) has reported that the Finnish state pension scheme does not offer super-high pension provision, but the scheme is equitable and keeps the poverty risk of pensioners fairly low.
FINLAND - Finland's first real estate equity fund, launched as a limited liability company by Helsinki-based Evli Investment Management in April, has closed with e46m in equity.
FINLAND - The representative employee and employer organisations tasked with negotiating on the reform of the pension investment rules in Finland has postponed its deadline for negotiations until September.
FINLAND - The Ministry of Finance has pushed back a deadline for its final report on reform to real estate investment in Finland by six months.
FINLAND - Gyllenberg is preparing to expand its real estate offering in Finland with the launch of a new listed property fund aimed at institutional investors.
FINLAND - Credit Suisse Asset Management (CSAM) has been appointed by ICECAPITAL Fund Management to manage the first mutual fund in Finland investing in currencies.
FINLAND - The self-employed intend to work longer and currently have a higher retirement age than fellow employees, a new survey by the Finnish Centre for Pensions has found.
FINLAND - About a quarter of Finns who now have the possibility for early retirement under the new flexible retirement age are still working, according to Elaketurvakeskus, the Finnish Centre for Pensions.
FINLAND - The e6.9bn Valtion Elakerahasto, Finland's State Pension Fund (SPF), posted a 9.6% return for 2004 on the back of increased equity weighting and positive performance from the asset class.
FINLAND - AON Finland is looking to build on its service offerings for voluntary pension schemes as government plans to abolish insurance broker commissions look set to get the green light.
FINLAND - Evli Investment Management is to roll out a private equity real estate fund in the Baltics by the end of March - the firm's first real estate offering.
FINLAND - The e18bn Ilmarinen Mutual Pension Insurance Company has added tactical asset allocation and currency overlay to its portfolio in 2005 and started investing in commodities in as part of its active risk-taking and absolute return strategy.
FINLAND - The e6.9bn Valtion Elakerahasto, Finland's State Pension Fund, is set to foray into indirect real estate investment in 2005.
FINLAND - About 40,000 Finns could retire on an old-age pension in 2005, according to the Finnish Centre for Pensions.
FINLAND - Most employers support the new flexible retirement age introduced as part wide-reaching pension reform that took effect this year, a new study by the Finnish Centre for Pensions has found.
FINLAND - The earnings-related pension index will increase by 0.93% from the beginning of 2005, the former index for people of working age by 1.85% and the wage coefficient by 2.80%.
FINLAND - Reform of earnings-related pensions to be introduced in 2005 will considerably change pension provision accrued at a young age, the Finnish Centre for Pensions (FCP) says.
FINLAND - Major reform of the Finnish pension system to be introduced next year is not sufficient to counter the effects of imminent population ageing on the country's economy, says the Organisation for Economic Co-operation and Development (OECD).
FINLAND - The 2005 pension reforms will reduce pension expenditure in relation to earnings in the national economy by over eight percentage points, according to Hannu Uusitalo, director at the Finnish Centre for Pensions.
FINLAND - Despite efforts to encourage Finns to stay at work longer, most of them continue to retire at the age of 59 years, new research shows.
FINLAND - As part of the 2005 pensions reform, the pensions ceiling of 60% of wages on earnings-related private pensions will be abolished.
FINLAND - Kuntien Elakevakuutus, the e13bn Helsinki-based local government pension fund, plans to search for a hedge fund manager during the year.
FINLAND - A new OECD report has called for a comprehensive reform strategy to encourage older people in Finland to stay in work.