FINLAND - The Finnish government has withdrawn its plans to increase the pension age in increments from 63 to 65 from 2011, after reaching an agreement with the three main labour unions and employers.
The government decided with labour unions and employers - in a typical tripartite agreement - to prolong people in work for a further three years, from the current average age of 59.4 years, between now...
NORDICS - Nordic investors are continuing to show optimism in hedge funds with nearly a third planning to increase their exposure this year to strategies like global macro, event driven and long/short funds, a new report shows.
EUROPE - European leaders are winning over investors as they try to keep the single-currency bloc intact, raising the appeal of the region's so-called rescue bonds, said Timo Loeyttyniemi, the head of Finland's state pension fund.
FINLAND - Valtion Elåkerahasto (VER), Finland's state pension fund, gained 5.3% during the first quarter on the back of its equity investment performance.
FINLAND - Neste Oil will transfer is supplementary pension plans to insurer OP Life Assurance, the firm said today.
FINLAND - European pension funds scooped up nearly a fifth of Finland's recent €3bn (US$4.4bn) bond issuance, the State Treasury said.