Finnish regulator keeps Elo under supervision

"Over the past year, Elo has taken several actions to strengthen the operational models and expertise of the company's management. This work will continue determinedly through successful co-operation with the supervising authority and its authorised representative," Elo writes in a statement.

Elo headquarters in Espoo, Finland. | Photo: PR Elo.

Finland's Financial Supervisory Authority (FIN-FSA) has extended its authorized representative's stay at mutual pension insurance company Elo.

Attorney Pekka Jaatinen was appointed as the authorised representative for Elo in December last year, after the company dipped under the solvency limit in March 2020 as a result of an unprecedented decline in share prices due to the Covid-19 crisis.

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