AMWatch

Finnish funds keen to cooperate with Danish pensions to stop aggressive tax planning

The new principles drafted in Denmark could provide a future foundation for a similar code of conduct in Finland, says Varma CIO. Transparency on tax footprint is already part of Elo's screening of managers, Elo Director claims.

Elo Mutual Pensions Director of Unlisted Investments Timo Stenius (left), Ilmarinen CIO Mikko Mursula (right top) and Varma CIO Reima Rytsölä (right bottom) | Photo: PR ELO / Junnu Lusa / PR Ilmarinen

Large Finnish pension insurance companies welcome the Danish initiative to influence tax behavior of private markets asset managers by developing shared principles for them.

While some of the investors note that the Danish principles in draft could be adopted also by Finnish pension insurance companies, others simply welcome the idea of a possible Nordic cooperation on the issue.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ATP's managed assets maintained growth in Q3

A positive result from investments and a negative hedging portfolio outcome are the main takeaways from ATP's Q3 report, which reports that total managed assets have increased, and the bonus rate has also swelled further.

Velliv divests coal and tar sands

Neither coal nor oil extracted from tar sands will be be found in Velliv's portfolio now that the company has decided to completely exclude companies associated with those activites.

Further reading

Related articles

Trial banner

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch