Mandatum to sell its pension fund services business to Porasto
Press release, 19 August 2024, at 2:00 p.m. EEST Mandatum Life Services Ltd (Mandatum) has entered into an agreement to sell its pension fund services business to Porasto Oy. The transaction is expected to close on 31 December 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