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Finnair Pension
Finnair Pension operates as the retirement scheme sponsored by Finnair Oyj, Finland's national airline. Its assets were placed under Ilmarinen management in...
Finnair Pension
Finnair Pension operates as the retirement scheme sponsored by Finnair Oyj, Finland's national airline. Its assets were placed under Ilmarinen management in 2004 after reaching €739 million. The fund continues to hold direct real estate interests tied to the airline's operations. The portfolio includes commercial property at Tietotie 9 in Vantaa and industrial buildings at Helsinki-Vantaa Airport. It also maintains a minority position in Tornator Oyj, a Finnish forestry company. Geographic exposure centers on Finland with additional commitments to global private equity funds. The fund integrates ESG criteria and requires external managers to follow UN PRI and SFDR principles. Rami Heino acts as CEO. Erkka Salonen serves as board chairman and Kristian Pullola as vice chairman. The fund retains membership in TELA, the Finnish Pension Alliance. In 2025 it executed a £4 million full scheme buy-in with Aviva, advised by Broadstone. The structure remains a captive pension vehicle sponsored by Finnair Oyj with no external capital raising. Governance ties directly to the airline through board appointments and ongoing operational leases on owned properties.
General information
Firm type
Pension Fund
Location
Region
Europe
Country
Finland
City
Vantaa
Corporate office
Vantaa, Finland
Principals
Rami Heino
CEO
Erkka Salonen
Chairman of the Board
Kristian Pullola
Vice Chairman of the Board
Sector focus
Frequently asked questions
Who runs investment decisions at Finnair Pension?
Rami Heino serves as CEO. Erkka Salonen chairs the board and Kristian Pullola serves as vice chairman.
How is Finnair Pension related to Finnair Oyj?
Finnair Oyj acts as the sponsoring employer. The fund holds a 0.1 percent stake in the airline and leases operational buildings back to the group.
Does Finnair Pension participate in fund commitments or only direct deals?
The fund holds both direct real estate assets and commitments to global private equity funds as a limited partner.
What is Finnair Pension's known posture on co-investments alongside external GPs?
No specific co-investment activity is recorded beyond its existing private equity fund commitments.
Where does the underlying wealth come from?
The fund receives contributions tied to Finnair Oyj employee retirement benefits.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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