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 nutshellMore news and press releases
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Article
23.11.2022
Most frequently asked questions on the YEL reformWhat questions are self-employed persons asking about the Self-Employed Persons’ Pensions Act (YEL) reform? We assembled all of the questions most frequently asked by self-employed persons. The expert for the article is Ilmarinen’s Director, Insurance Services, Minna Hakkarainen.Most frequently asked questions on the YEL reform
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Article
22.11.2022
YEL in 2023 – Six things for entrepreneurs to rememberYear 2023 is fast approaching. Below you’ll find six things every entrepreneur needs to know about their YEL insurance at the turn of the year.YEL in 2023 – Six things for entrepreneurs to remember
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News
10.11.2022
Earnings-related pension insurance contributions for 2023 confirmedThe Ministry for Social Affairs and Health has confirmed the earnings-related pension insurance contributions for 2023. The average contribution for employer’s pension insurance (TyEL) is 24.84 per cent of the payroll in 2023.Earnings-related pension insurance contributions for 2023 confirmed
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Press release
28.10.2022
Ilmarinen’s Interim Report 1 January to 30 September 2022: Premiums written growing strongly, return on investments negative, solvency remained goodThe return on Ilmarinen’s investment portfolio was -8.0 (10.5) per cent, i.e. EUR 4.9 billion negative due to falling stock prices and rising interest rates. The market value of investments fell to EUR 55.8 (60.8) billion. The long-term average return on investments was 5.7 per cent. This corresponds to an annual real return of 3.9 per cent.Ilmarinen’s Interim Report 1 January to 30 September 2022: Premiums written growing strongly, return on investments negative, solvency remained good
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News
21.10.2022
Employer, self-employed person, pensioner – 2023 earnings-related pension index and wage coefficient confirmedThe Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2023. Next year, the earnings-related pension index is 2,874, which means an exceptionally large, approximately 6.8 per cent increase on pensions at the start of the year. The confirmed wage coefficient is 1.558. Compared to 2022, the wage coefficient will rise some 3.8 per cent.Employer, self-employed person, pensioner – 2023 earnings-related pension index and wage coefficient confirmed
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Press release
7.10.2022
Biodiversity loss affects investment portfoliosBiodiversity needs to be taken into account in investment activities in the same way as climate change. Currently there are only few biodiversity roadmaps available in Finland or globally. We want to contribute to creating new investor approaches says Karoliina Lindroos, Head of Responsible Investment at Ilmarinen.Biodiversity loss affects investment portfolios
More to read
- Ilmarinen’s administrative cost will decrease 20% in 2024 – As our customer, you benefit right away!
- Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmed
- Ilmarinen’s return on investments 3.3 per cent – employment weakening
- Earnings-related pension insurance contributions for 2024 confirmed