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.

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).

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.

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).

VER’s phone numbers will change as of 4 December 2018. The first part of the landline numbers will change to +358 295 201 2(XX). The personal extensions (the last two digits) will remain unchanged. The new switchboard number will be +358 295 201 200 and fax number +358 295 201 250.