News in brief: 1 December

- Sweden’s Church Pension Fund has set out the pension supplements for DB pensions in 2024.

The church's pension board decided at the regular board meeting on 27 November that outgoing pensions will change at the same rate as the change in the price base amount, which means that 2024 pensions will increase by 9.14 per cent.

- The Finnish Centre for Pensions (ETK) has published a pension information book, which is a general introduction to the world of pension security.

The book is suitable for experts, decision-makers, students and anyone interested in their own pension. The book is edited by ETK experts Suvi Ritola and Niko Väänänen and explains what kind of security the Finnish system offers, how pensions are financed, and how the system compares internationally. In addition, the book includes a history of and future perspectives on Finnish pensions. The book also reviews the backgrounds of pension reforms and decision-making.

- Swedish pension company, Skandia, has invested SEK 1bn in a new fund for sustainable investments.

The fund, which is a partnership between Allianz GI and the Dutch development bank FMO, will take the form of blended finance, which aims to make it easier for institutional investors to contribute capital to developing countries.

Blended finance is a structure for financing that combines public and private capital, with the aim of creating partnerships. The current fund focuses on mobilising private capital to countries and sectors with large investment needs where there is currently a lack of capital.

The new fund will invest, together with the Dutch development bank FMO, in various solution investments in developing countries, with a focus on loans to companies in three sectors: renewable energy, financial institutions and sustainable agriculture.

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