Finland

FINLAND - Finland's first real estate equity fund, launched as a limited liability company by Helsinki-based Evli Investment Management in April, has closed with e46m in equity.

FINLAND - The representative employee and employer organisations tasked with negotiating on the reform of the pension investment rules in Finland has postponed its deadline for negotiations until September.

FINLAND - The Ministry of Finance has pushed back a deadline for its final report on reform to real estate investment in Finland by six months.

FINLAND - Gyllenberg is preparing to expand its real estate offering in Finland with the launch of a new listed property fund aimed at institutional investors.

FINLAND - Credit Suisse Asset Management (CSAM) has been appointed by ICECAPITAL Fund Management to manage the first mutual fund in Finland investing in currencies.

FINLAND - The self-employed intend to work longer and currently have a higher retirement age than fellow employees, a new survey by the Finnish Centre for Pensions has found.

FINLAND - About a quarter of Finns who now have the possibility for early retirement under the new flexible retirement age are still working, according to Elaketurvakeskus, the Finnish Centre for Pensions.

FINLAND - The e6.9bn Valtion Elakerahasto, Finland's State Pension Fund (SPF), posted a 9.6% return for 2004 on the back of increased equity weighting and positive performance from the asset class.

FINLAND - AON Finland is looking to build on its service offerings for voluntary pension schemes as government plans to abolish insurance broker commissions look set to get the green light.

FINLAND - Evli Investment Management is to roll out a private equity real estate fund in the Baltics by the end of March - the firm's first real estate offering.