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.
Institutional & wealth management
Mandatum provides comprehensive wealth and asset management services to its clients, which include Finnish and Nordic institutional investors, corporations and high-net-worth individuals. The company's investment expertise is based on long experience and a strong track record for profit, especially in the credit and alternative investments. Mandatum has been able to generate attractive risk-adjusted returns for its clients in a variety of asset classes.
Corporate clients
Mandatum serves corporate clients in two main segments: large and medium-sized clients and entrepreneur-driven clients. For small businesses and entrepreneurs, Mandatum primarily offers preparing and prospering services, while for large and medium-sized companies the focus is on incentive schemes and compensation, including personal and pension insurance and personnel funds.
Mandatum is the clear market leader in supplementary pensions and personnel funds and has a strong position in personal insurance. We have extensive contacts with Finnish business leaders, since the end customers of these products and services consist of the management and employees of Finnish companies. This enables the cross-selling of products and services as part of the customer relationship.
Retail clients
Mandatum offers investment solutions and personal insurance to retail clients. Danske Bank is the main distribution channel for retail clients’ solutions. The services are also available directly through Mandatum's own sales force and digital channels. In addition, Mandatum has selected partnerships for example with associations.
With-profit business
The with-profit business area includes the management of the with-profit insurance portfolio and management of assets covering the with-profit liabilities and assets covering Mandatum Life’s shareholders’ equity. The target for investments is to generate returns above the insurance contract liabilities requirements at moderate risk, while at the same time decreasing the insurance portfolio releases capital.
The majority of current with-profit insurance policies are pension insurance policies sold in the 1980s and 1990s. These policies include a fixed guaranteed return of mainly 3.5 or 4.5 per cent. The insurance contract liabilities in the financial statements have been calculated using the up-to-date market-consistent interest rate, which takes into account the guaranteed returns to be paid on the policies in the future. The sale of such policies was discontinued in the early 2000s, and the insurance portfolio is expected to continue decreasing relatively sharply in the coming years.
Private wealth management and asset management, investment and saving solutions, pension solutions, corporate wealth management and insurance,
compensation and commitment services, personal risk insurance and the Mandatum Trader investment service.
Mandatum’s sustainability encompasses the following three key
themes that form the foundation for the company’s business.
• Responsible investment
• Promoting financial security and a good working life
• Responsibility in Mandatum’s own operations
Mandatum’s retail clients are served through Danske Bank’s distribution network in Finland in addition to Mandatum’s own channels. Outside of Finland, Mandatum has clients for example in Sweden and Denmark.
Offices:
• 10 in Finland
• 1 in Sweden
• 1 in Luxembourg