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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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Press release
29.4.2022
Ilmarinen’s Interim Report 1 January to 31 March 2022: Premiums written grew, cost-effectiveness improved and solvency remained strong in a challenging marketThe return on Ilmarinen’s investment portfolio was -2.2 (4.8 per cent), i.e. EUR 1.4 billion negative due to falling stock prices and rising interest rates. The market value of investments fell to EUR 59.1 (60.8) billion. The long-term average return on investments was 6.1 per cent. This corresponds to an annual real return of 4.4 per cent.Ilmarinen’s Interim Report 1 January to 31 March 2022: Premiums written grew, cost-effectiveness improved and solvency remained strong in a challenging market
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Press release
21.3.2022
Responsibility for pensions is responsibility for the future – Ilmarinen has published its Annual and Sustainability Report 2021The carbon intensity of direct listed equity investments decreased and the new Climate Roadmap shows our journey towards a net zero carbon investment portfolio. Ilmarinen’s Annual and Sustainability Report provides information on the impacts that managing your pension security has on the economy, people and the environment.Responsibility for pensions is responsibility for the future – Ilmarinen has published its Annual and Sustainability Report 2021
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News
2.3.2022
Ilmarinen will not make new investments in RussiaIlmarinen Mutual Pension Insurance Company has decided that it will not make new direct investments in Russia or in Russian companies.Ilmarinen will not make new investments in Russia
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Press release
18.2.2022
Ilmarinen’s financial statements 2021: Investment assets and solvency capital rose to record levels and strong development continued in customer acquisition and in improving cost effectivenessIlmarinen’s return on investments was 15.3 per cent, or EUR 8.1 billion. The value of investment assets rose to an all-time high, at EUR 60,8 billion, and solvency strengthened.Ilmarinen’s financial statements 2021: Investment assets and solvency capital rose to record levels and strong development continued in customer acquisition and in improving cost effectiveness
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News
18.11.2021
Ilmarinen will increase contacts with new entrepreneurs when processing YEL applications to set the right level of YEL incomeIlmarinen’s goal is to improve the pension security of its self-employed customers. Self-employed persons deserve the same level of pension and social security as employees right from the start of their career as entrepreneurs. The best way for self-employed persons to ensure their continuous security is to maintain the right level of income under their YEL insurance. YEL insurance is a self-employed person’s most important insurance, because the YEL income is the basis for an entrepreneur’s pension and social security.Ilmarinen will increase contacts with new entrepreneurs when processing YEL applications to set the right level of YEL income
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News
16.11.2021
Earnings-related pension insurance contributions for 2022 confirmedThe Ministry for Social Affairs and Health has confirmed the earnings-related pension insurance contributions for 2022. The TyEL basic contribution will be 25.85 per cent of the payroll in 2022. For the majority of customers, this is an important percentage as Ilmarinen uses it to invoice customers each month based on the salaries they have reported.Earnings-related pension insurance contributions for 2022 confirmed