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 January 2015 – 31 December 2019)

 

6.2%

VER’s ten-year average annual return (1 January 2010 – 31 December 2019)

 

5.5%

VER’s average annual return 1 January 2001 – 31 December 2019

 

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At fair values, the total return on the investments made by the State Pension Fund (VER) in 2019 was 13.8 per cent, the highest in ten years. VER’s average rate of return was 5.6 per cent for the past five years and 6.2 per cent for the past ten years. At the end of 2019, the market value of VER’s investment assets exceeded EUR 20 billion.

VER's blog

2020-03-24 12:45
2020-03-19 15:29
The State Pension Fund of Finland (VER) has started additional investments on commercial paper markets. VER’s investments to commercial papers will be increased at most to one billion euros depending on the market situation. VER continues to direct investments to companies which possess low credit risk and investments are done on market terms.
2020-02-28 11:54
The return at market values on the investments made by the State Pension Fund of Finland reached 13.8 per cent in 2019 (-3.4 per cent in 2018). The real rate of return was 12.8 per cent (-4.5 per cent).
2020-02-28 10:50
Timo Löyttyniemi will assume the position of VER’s CEO as of the beginning of March. He returns to VER after serving as the Vice Chair of the EU’s Single Resolution Board for a fixed term of five years.
2019-02-27 13:30
The market value weighted return on the investments by the State Pension Fund of Finland (VER) reached -3.4 per cent in 2018 (6.6 per cent in 2017). The real rate of return was -4.5 per cent (6.0 per cent).

20.6

The market value of VER's investment portfolio was EUR 20.6 billion on 31 December 2019.

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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