Press release, 2 January 2025 at 10:00 a.m. EET

Mandatum Life Services Ltd (Mandatum) has now successfully completed the transaction to sell its pension fund services business to Porasto Oy. Mandatum announced the transaction on 19 August 2024.   

The transaction covers pension fund governance services and employer services regarding benefit calculations and reporting in accordance with the IFRS/USGAAP requirements, and the services provided to companies regarding the calculation and payment of retirement promises. These services became part of Mandatum's portfolio in the spring of 2011 when the company acquired the pension and personnel fund services of Silta Oy. 

The Mandatum employees providing these services will transfer to Porasto. There are no service change implications for customers. 

The transaction has no material impact on Mandatum's financial result.

Additional information:

Jukka Kurki
CEO, Mandatum Life Insurance Limited
Tel. +358 50 424 6630
jukka.kurki[a]mandatum.fi

Niina Riihelä
SVP, Communications, brand and sustainability
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi  

Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients. At the centre of Mandatum's success are highly skilled personnel, a strong brand as well as a proven investment track record.
mandatum.fi/en/group