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Finnish pension system in a nutshell

Article 28.4.2022

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
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  1. Ilmarinen as an anchor investor in European climate fund
    Ilmarinen 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
  2. Self-employed person, did you get a YEL income recommendation from us?
    We will be sending out new YEL income recommendations for the first group of our self-employed customers in June. What’s it all about?
    Read news article Self-employed person, did you get a YEL income recommendation from us?
  3. Ilmarinen invests in new climate-focused exchange-traded funds
    Ilmarinen is an anchor investor in new climate-focused iShares ETFs in the USA and Japan, launched by the US asset management company BlackRock Inc. (NYSE: BLK).
    Read news article Ilmarinen invests in new climate-focused exchange-traded funds
  4. Disruptions in our online service this weekend
    Due to maintenance work, there will be disruptions in Ilmarinen's online services this weekend.
    Read news article Disruptions in our online service this weekend
  5. Ilmarinen’s Interim Report 1 January to 31 March 2023: Positive return on investments, premiums written grew and cost-effectiveness improved
    The return on Ilmarinen’s investment portfolio was +2.2 (-2.2) per cent, i.e. EUR 1.3 billion, as a result of rising stock prices. The market value of investments grew to EUR 57.5 (56.3) billion. The long-term average return on investments from 1997 onwards was 5.8 per cent. This corresponds to an annual real return of 3.8 per cent.
    Read news article Ilmarinen’s Interim Report 1 January to 31 March 2023: Positive return on investments, premiums written grew and cost-effectiveness improved
  6. Hiring a summer employee? As an employer, remember to take care of their pension cover
    Many companies are currently recruiting summer employees. As soon as you have found the right persons for the job, remember to take care of their pension insurance in time. Equally, as a private individual, you need to remember that you become an employer if you are hiring for example a babysitter, a caretaker for your summer cottage or a person to mow the lawn for the summer.
    Read news article Hiring a summer employee? As an employer, remember to take care of their pension cover
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