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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News
27.8.2024
Ilmarinen’s administrative cost will decrease in 2025At the start of next year, Ilmarinen’s customers’ administrative cost will decrease by roughly 10 per cent. The administrative cost is part of the TyEL insurance contribution, and in that respect, your TyEL contribution as our customer will decrease.Ilmarinen’s administrative cost will decrease in 2025
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Press release
15.8.2024
Ilmarinen's return on investment 4.9 per cent, and market uncertainty increasedIn January–June, Ilmarinen's return on investment was 4.9% and its solvency strengthened. Cost-effectiveness continued to improve as premiums written grew 2 per cent and pension cover operating expenses fell 6 per cent.Ilmarinen's return on investment 4.9 per cent, and market uncertainty increased
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Press release
26.4.2024
Ilmarinen’s return on investments 3.2 per cent and efficiency improved furtherThe return on Ilmarinen’s investments in January–March was 3.2 per cent. The company’s cost-effectiveness improved further as premiums written grew and the operating expenses necessary for providing pension security fell. “We have successfully continued implementing Ilmarinen’s strategy and improved our productivity significantly over the past six years,” says Ilmarinen’s CEO Jouko Pölönen.Ilmarinen’s return on investments 3.2 per cent and efficiency improved further
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News
19.12.2023
We are introducing Suomi.fi e-Identification for employersWe will start using Suomi.fi e-Identification in the employer’s online service as of 19 December 2023. This means that, starting on that date, you will be able to log in to the service using your personal online banking codes or a mobile certificate. For that purpose, you will need either a register role or a mandate granted in Suomi.fi e-Authorizations.We are introducing Suomi.fi e-Identification for employers
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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.Ilmarinen’s return on investments 3.3 per cent – employment weakening
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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.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