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.




VER’s five-year average annual return (1 January 2018 – 31 March 2023)


VER’s ten-year average annual return (1 January 2013 – 31 March 2023)


VER’s average annual return 1 January 2001 – 31 March 2023

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On 31 March 2023, VER’s investment assets totalled EUR 21.9 billion. During the first quarter, the return on investments at fair values was 2.2 per cent. The average nominal rate of return over the past five years (1 April 2018–31 March 2023) was 4.7 per cent and the annual ten-year return 5.2 per cent.
2022-02-28 13:34
The market value weighted return on the investments by the State Pension Fund of Finland (VER) reached 14.6 per cent in 2021 (4.0 per cent in 2020). The real rate of return was 10.8 per cent (3.8 per cent).

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2023-05-16 11:13
2023-03-29 11:35


The market value of VER's investment portfolio was EUR 21.9 billion on 31 March 2023.