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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. EPSI Rating: Ilmarinen has the most satisfied customers in the sector
    According to the latest EPSI Rating survey, Ilmarinen has the most satisfied customers in the earnings-related pension sector. We ranked first among both employers and self-employed persons.
    Read news article EPSI Rating: Ilmarinen has the most satisfied customers in the sector
  2. Ilmarinen’s return on investments was 6.2 per cent or EUR 4.2 billion
    Employment pension insurance company Ilmarinen’s investments yielded 6.2 per cent in January–September. The market value of investments grew to a record-breaking level of EUR 71 billion.
    Read news article Ilmarinen’s return on investments was 6.2 per cent or EUR 4.2 billion
  3. Disruptions in the online service over
    The fault has now been fixed and the services are functioning normally.
    Read news article Disruptions in the online service over
  4. Ilmarinen had a strong first half of the year. In January–June, the return on investments was 5.3 per cent, or EUR 3.5 billion. Solvency ratio improved, and customer acquisition was at a good level.
    Read news article
  5. Ilmarinen and OP Pohjola: EUR 300 million to boost growth and investments in Finnish SMEs
    Ilmarinen and OP Pohjola are launching a EUR 300 million growth financing programme to help growth companies succeed. Financing channelled to SMEs through this cooperation will create opportunities for growth and boost positive economic development across Finland.
    Read news article Ilmarinen and OP Pohjola: EUR 300 million to boost growth and investments in Finnish SMEs
  6. Ilmarinen’s early 2026: Customer acquisition at record level, solvency remained strong
    Ilmarinen’s return on investment in January–March was –0.5 per cent. Solvency is strong and cost-effectiveness is at a good level. Customer acquisition in the early part of the year was going at record pace.
    Read news article Ilmarinen’s early 2026: Customer acquisition at record level, solvency remained strong
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