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, 31 December 2024

key figures

Development of VERs investments 2001–2024 (MEUR)

key figures

5.4%

VER’s five-year average annual return (1 January 2020 – 31 December 2024)

5.5%

VER’s ten-year average annual return (1 January 2015 – 31 December 2024)

5.5%

VER’s average annual return 1 January 2001 – 31 December 2024

ANNUAL REPORT OF THE STATE PENSION FUND OF FINLAND 2024

At fair values, the total return on the investments made by the State Pension Fund of Finland (VER) in 2024 was 9.0 per cent. VER’s average rate of return was 5.4 per cent for the past five years and 5.5 per cent for the past ten years. At the end of 2024, the market value of VER’s investment portfolio stood at EUR 24.2 billion.

Annual Reports