Finland : a work group composed of social partners wants more stocks in pension funds

Publication

2 February 2006 à 15h54

Updated on 20 March 2013 à 19h03

Reading time

2 minutes

Publication: 2 February 2006 à 15h54, Updated on 20 March 2013 à 19h03

Reading time: 2 minutes

The Finnish pensions system is composed of two sub-systems: the first one is linked to work income, is mainly financed by employers and employees, and is managed by private insurance companies registered by the government. The second system is national public insurance, its aim is to guarantee a minimal pension to every retiree. It is financed by taxes and the Finnish social security (KELA).(Réf. 0692)

Publication

2 February 2006 à 15h54

Updated on 20 March 2013 à 19h03

Reading time

2 minutes

Publication: 2 February 2006 à 15h54, Updated on 20 March 2013 à 19h03

Reading time: 2 minutes

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Until today, the Finnish law does not allow private insurance companies that manage pension funds to put more than 25% of their assets in stocks. A work group on pensions has just proposed to put this limit at 35% within 5 years. The consensus in the group is quite significant, because it was composed of the main social partners (STTK Finnish Confederation of employees, EK Confederation of Industry, AKAVA Confederation of University Professionals’ unions, SAK Central Organization of Finnish...

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