News and articles
Welcome to our newsroom. Here you will find our latest news and press releases as well as our blogs and articles.
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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News
27.10.2023
Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmedThe Ministry for Social Affairs and Health has confirmed the indices for earnings-related pension insurance for 2024. Next year, the earnings-related pension index is 3037, which means an approximately 5.7 per cent increase on pensions at the start of the year. The confirmed wage coefficient is 1.637. Compared to 2023, the wage coefficient will rise some 5.1 per cent.Read news article Employer, self-employed person, pensioner – 2024 earnings-related pension index and wage coefficient confirmed
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Press release
27.10.2023
Ilmarinen’s return on investments 3.3 per cent – employment weakeningThe return on Ilmarinen’s investments in January–September was 3.3 per cent. Measures to improve cost-effectiveness continued. “Last year, we became the most cost-effective company in the industry, measured by the ratio of operating expenses to expense loading components. This year our operating expenses, which are necessary for providing pension security, have decreased further, and we are lowering the price of administrative costs for our customers by 20 per cent,” states President and CEO Jouko Pölönen.Read news article Ilmarinen’s return on investments 3.3 per cent – employment weakening
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News
27.9.2023
Ilmarinen’s administrative cost will decrease 20% in 2024 – As our customer, you benefit right away!At the start of next year, Ilmarinen’s administrative cost will decrease by roughly 20 per cent. The administrative cost is part of the TyEL insurance contribution, and in that respect, your TyEL contribution will decrease.Read news article Ilmarinen’s administrative cost will decrease 20% in 2024 – As our customer, you benefit right away!
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Press release
15.8.2023
Ilmarinen’s Interim Report 1 January to 30 June 2023: Return on investments rose to 3.7 per cent, solvency strengthened and cost-effectiveness continued to improveThe return on Ilmarinen’s investment portfolio was 3.7 (-6.2) per cent, i.e. EUR 2.1 billion. The market value of investments grew to EUR 58.2 (56.3) billion. The long-term average return on investments was 5.8 per cent as of 1997. This corresponds to an annual real return of 3.8 per cent.Read news article Ilmarinen’s Interim Report 1 January to 30 June 2023: Return on investments rose to 3.7 per cent, solvency strengthened and cost-effectiveness continued to improve
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News
28.6.2023
EU Framework agreement on cross-border telework 1.7.2023Some of the EU countries have signed an agreement on cross-border teleworking, according to which an employee working remotely or in-person in two EU countries can, under certain conditions, be insured in the employer's home country instead of their own country of residence.Read news article EU Framework agreement on cross-border telework 1.7.2023
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Press release
21.6.2023
Ilmarinen as an anchor investor in European climate fundIlmarinen continues its investment strategy that has a strong focus on climate change by investing EUR 580 million in a new European equity fund which selects investees based on climate indicators.Read news article Ilmarinen as an anchor investor in European climate fund