Finnish earnings-related pension providers’ solvency ratio increased to 133.8 per cent in Q2 2021, according to the Financial Supervisory Authority (FSA).
The solvency ratio of the relevant providers is calculated by dividing pension assets by technical provisions.
In Q1 2021, at the end of March, the solvency ratio stood at 131.9 per cent.
Therefore, the solvency ratio increased by 1.9 percentage points to reach 133.8 per cent at the end of June 2021.
The pension insurance companies’ average solvency ratio was 133.3 per cent, while that of company funds and industry-wide funds was 151.2 per cent.
The FSA’s report defines earnings-related pension providers as comprising private-sector pension insurers, such as pension insurance companies, company pension funds and industry-wide pension funds.
Solvency details the pension providers’ capacity to bear risks, and the regulations only pertain to private-sector insurers.
These providers’ solvency is measured by determining their assets that exceed technical provisions, and if the assets invested exceed the technical provisions by a sufficient margin, the provider is solvent.
Latest News
-
PensionsEurope calls for PSAs to be given extension to UK CCPs equivalence decision
-
Dutch Pensions Ombudsman calls on pension providers to resolve disabled pension unfairness
-
UK's FCA pushes forward with LTAF investment proposals
-
ESAs propose new rules for taxonomy-related product disclosures
-
39% of UK DC schemes failing to take account of ESG in default strategies
-
News in brief: 22 October
Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?
In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.
In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.
How the US’s robust securities law can benefit European investors
Over recent years several financial scandals have shocked investors, such as the Danske Bank money laundering case. When a scandal like this occurs, investor returns suffer, which is why many seek redress. Many European investors seek to recover assets lost as a result of securities fraud through U.S. courts, with their robust securities laws.
In this podcast, Jeremy Lieberman, Managing Partner at Pomerantz LLP, talks to European Pensions Editor, Natalie Tuck, about how European investors can use U.S. courts to recover assets lost to securities fraud and the challenges facing investors seeking compensation.
In this podcast, Jeremy Lieberman, Managing Partner at Pomerantz LLP, talks to European Pensions Editor, Natalie Tuck, about how European investors can use U.S. courts to recover assets lost to securities fraud and the challenges facing investors seeking compensation.
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows
Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories