The housing company wholly owned by Finland’s Seafarers’ Pension Fund, BAb Skonerten, has sold a property damaged by fire and a plot of land in Mariehamn, Finland.

The property destroyed by fire in July 2024 along with the associated land plot, has been sold to Åland-based construction company Allbygg Ab.

“We are very pleased that our property in Mariehamn, which was destroyed in the fire, has been sold to a local construction company that will initiate a renovation project for the property,” Seafarers’ Pension Fund CIO, Sauli Hämäläinen, said.

- The board of Dutch pension fund SNS Reall has announced that it will increase pensions by 1.36 per cent as of 1 January 2025.

The basis for determining the increase is the price index, which was more than 3.5 per cent. In addition, the scheme also considers its financial position, which allows a 1.36 per cent increase but not the full increase of the price index.

- Finnish earnings-related pension provider Veritas is donating its Christmas card money this year to the Baltic Sea Action Group (BSAG) to protect the Baltic Sea.

The donation supports practical work to save the Baltic Sea, counteract the depletion of nature and curb climate change. The Baltic Sea remains one of the most polluted seas in the world. BSAG works with companies, authorities and researchers to improve the condition of the sea.

Commenting, Veritas investment director, Laura Wickström, said: "We only have one world and Finland only has one sea. We need concrete measures to preserve the viability of the Baltic Sea in the future.

"As a pension company, our responsibility for pension assets extends far into the future. As investors and owners, we encourage companies to set ambitious targets to curb climate change, reduce harmful environmental impacts and protect biodiversity. Together we can do more."

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