Finland

FINLAND - Kuntien Elakevakuutus, the e13bn Helsinki-based local government pension fund, plans to search for a hedge fund manager during the year.

FINLAND - A new OECD report has called for a comprehensive reform strategy to encourage older people in Finland to stay in work.

FINLAND - More than 50% of Finland's working population intend to continue working at least to the age of 63.

FINLAND - Accenture and Meridea Financial Software will lead the initial technology development of a pension administration system for the Finnish Centre for Pensions and a consortium of Finnish pension insurance companies.

FINLAND - The Bank of Finland has sold its 40% stake in technology company Setec Oy to Nordic private equity investors, CapMas.

FINLAND - Finland's huge Local Government Pensions Institution (Kuntien eläkevakuutus or LGPI) has taken part in a study which shows that pensions schemes can cut costs and boost returns by automating their back-office operations.

FINLAND - State Street Corporation (STT) has been appointed custodian and fund administrator by Finland's e12bn Local Government Pensions Institution (LGPI).

FINLAND - Jaakko Niemelä, managing director of Mandatum Stockbrokers, is to quit the company this summer to set up his own firm specialising in value definition.

FINLAND - Finnish Pension Insurance company Ilmarinen has appointed Aberdeen Property Investors to create and manage an international indirect investment property portfolio.

FINLAND - Carlo Eräkallio has been appointed managing director of Mandatum Asset Management, the investment division of financial services group, Sampo.