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.

 

 

3.4%

VER’s five-year average annual return (1 July 2015 – 30 June 2020)

 

5.2%

VER’s ten-year average annual return (1 July 2010 – 30 June 2020)

 

5.2%

VER’s average annual return 1 January 2001 – 30 June 2020

 

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On 30 June 2020, VER’s investment assets totalled EUR 19.3 billion. During the first half of the year, the return on investments at fair values was -5.1 per cent. The average nominal rate of return over the past five years (1 July 2015–30 June 2020) was 3.4 per cent and the annual ten-year return 5.2 per cent.

VER's blog

2020-05-29 15:05
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.
2020-06-10 12:26
On 31 May 2020, VER had EUR 402 million invested in commercial papers. Investments have been made in the commercial papers of 27 companies.
2020-04-14 15:14
On 31 March 2020, VER had EUR 280 million invested in commercial papers and on 8 April 2020 EUR 311 million. Investments have been made in the commercial papers of 25 companies.
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.

19.3

The market value of VER's investment portfolio was EUR 19.3 billion on 30 June 2020.

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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