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 July 2017 – 30 June 2022)


VER’s ten-year average annual return (1 July 2012 – 30 June 2022)


VER’s average annual return 1 January 2001 – 30 June 2022

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On 30 June 2022, VER’s investment assets totalled EUR 21.6 billion. During the first half of the year, the return on investments at fair values was -7.3 per cent. The average nominal rate of return over the past five years was 4.5 per cent and the annual ten-year return 5.8 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).
2020-10-30 14:48
VER had EUR 254 million invested in commercial papers on 31 August 2020 and EUR 204 million on 30 September 2020.
2020-08-13 15:27
VER had EUR 343 million invested in commercial papers on 30 June 2020 and EUR 319 million on 31 July 2020. Investments have been made in the commercial papers of more than 20 companies. The number of commercial papers on offer decreased significantly during the summer.

VER's blog

2022-08-30 11:40
2022-07-01 11:59


The market value of VER's investment portfolio was EUR 21.6 billion on 30 June 2022.