The State Pension Fund of Finland

The State Pension Fund of Finland (VER) was established in 1990 to balance state pension expenditure. VER invests pension assets and helps the state to prepare for financing future pensions. VER is a long-term investor characterised by a high standard of professionalism and an ethical code of conduct. VER operates as part of the prefunded Finnish pension system.

 

 

5.6%

VER’s five-year average annual return (1 April 2013 – 31 March 2018)

 

5.4%

VER’s ten-year average annual return (1 April 2008 – 31 March 2018)

 

5.5%

VER’s average annual return 1 January 2001 – 31 March 2018

 

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On 31 March 2018, VER’s investment assets totalled EUR 19.3 billion. During the first quarter, the return on investments at fair values was -1.0 per cent. The average annual nominal rate of return over the past five years (1 April 2013–31 March 2018) was 5.6 per cent and the annual ten-year return 5.4 per cent.

Strategy

In June 2016, the Board of Directors of the State Pension Fund (VER) adopted a strategy that provides a more detailed description of VER’s objectives and outlines the policies designed to achieve them.

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19.3

The market value of VER's investment portfolio was EUR 19.3 billion on 31 March 2018.