The State Pension Fund of Finland

The State Pension Fund prepares for future pension expenditure by investing its assets professionally and responsibly.

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.

VERs portfolio allocation, 30 September 2025

key figures

Development of VERs investments 2001–Q3 2025 (MEUR)

key figures

5,8 %

VER's return on investment 1.1.2025–30.9.2025

7,2 %

VER’s five-year average annual return (1 October 2020 – 30 September 2025)

6.0%

VER’s ten-year average annual return (1 October 2015 – 30 September 2025)

5.6%

VER’s average annual return 1 January 2001 – 30 September 2025

VER’s return on investment 5.8% during 1 Jan–30 September 2025; ten-year average annual return 6.0%

On 30 September 2025, VER’s investment assets totalled EUR 25.1 billion. During the first three quarters, the return on investments at fair values was 5.8 per cent. The average nominal rate of return over the past five years (1 October 2020–30 September 2025) was 7.2 per cent and the annual ten-year return 6.0 per cent. Since 2001, when VER’s activities assumed their current form, the average rate of return has been 5.6 per cent.

Annual Reports