- Denmark’s AP Pension and PKA are investing a total of €125m in Patrizia’s new sustainable real estate fund, Sustainable Communities.

AP Pension will invest €50m and PKA will invest €75m. The investments will enable the fund to build sustainable housing and social infrastructure in residential areas in major cities in northern and western Europe. The homes will be built close to major cities and workplaces such as hospitals, schools, and office and business areas. The homes must be as CO2-neutral as possible for “the benefit of the climate”.

- Skandia distributed SEK 60bn to its customers in Skandia Liv (traditional management) in 2021.

The value means that customers had an average bonus rate of 13.9 per cent in 2021 and 6.5 per cent over the past 15 years. Skandia stated that the return was a result of having “very successful asset management” with a diversified portfolio, alongside strong development in the market. Furthermore, it said that the company’s long-term perspective in unlisted assets was one of “many reasons” for the “good return”.

- The social security agreement between Finland and Japan has come into force, as of 1 February 2022.

The agreement affected the pension security of people who will move or have moved between Finland and Japan. It lays down provisions on the payment of Finnish earnings-related pensions and Japanese pensions to people residing in the other state. It also includes provisions on the legislation applicable to pension and unemployment insurance. These provisions make it possible for workers to avoid double pension and unemployment insurance contributions.

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