News and articles
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News and articles
Finnish pension system in a nutshell
Finland has one of the best pension systems in the world - and that’s a fact. But if you’re starting a business in Finland, you might be wondering why it’s mandatory for entrepreneurs to take out pension insurance. Or for employers to get pension insurance for their employees? We are here to help you!Finnish pension system in a nutshell
More news and press releases
Record-high increase in pensions in 2023 – When is a good time to retire?The turn of the year is approaching, and pensioners are anxious to find out how much their pension will increase next year. Gross pensions rise annually, but the modest increases of previous years have had little impact on pensioners’ daily lives. That has been true especially if the increase has led to a rise in the pensioner’s tax rate, eating away a large chunk of the increase. This year things will be different: inflation also influences people’s choices about when to retire.Record-high increase in pensions in 2023 – When is a good time to retire?
Ilmarinen’s energy saving tips reach over 15,000 peopleIlmarinen is part of the ‘Astetta alemmas’ energy saving campaign. “We save energy in our premises and provide our employees and tenants with energy saving tips. Responsible measures reduce the carbon footprint of our real estate,” says Tomi Aimonen, Head of Domestic Real Estate Investments.Ilmarinen’s energy saving tips reach over 15,000 people
Pricing of the expense loading in earnings-related pension contributions will change next year – as our customer you benefit from our efficiencyIn the future, you will be able to compare pension companies in terms of their expense loading. Our excellent efficiency benefits our TyEL customers as lower insurance contributions.Pricing of the expense loading in earnings-related pension contributions will change next year – as our customer you benefit from our efficiency
YEL reform – what would change and what would remain the same?Entrepreneurs and the media have engaged in a lively debate on the reform of the Self-Employed Persons’ Pensions Act (YEL) that was brought before Parliament before Midsummer. As there are some misconceptions in the public sphere about the planned reform, I would like to summarise a few key highlights of what would remain the same and what would change if Parliament decides to maintain the government proposal in its current form.YEL reform – what would change and what would remain the same?
Ilmarinen’s Interim Report 1 January to 30 June 2022: Premiums written growing strongly, return on investments negative, solvency remained goodThe return on Ilmarinen’s investment portfolio was -6.2 (8.9 per cent), i.e. EUR 3.8 billion negative due to falling stock prices and rising interest rates. The market value of investments fell to EUR 56.7 (60.8) billion. The long-term average return on investments was 5.9 per cent. This corresponds to an annual real return of 4.1 per cent.Ilmarinen’s Interim Report 1 January to 30 June 2022: Premiums written growing strongly, return on investments negative, solvency remained good
Employer contributions – How well do you know the additional employer costs?Hiring an employee entails additional employer costs. What are they? How much do they come out to? Read on to get an overview of employer contributions in 2022.Employer contributions – How well do you know the additional employer costs?