News and articles

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News and articles

Article 28.4.2022

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!

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  1. News 3.3.2023
    Excellent client bonuses in store for employers – check the amount in the service for employers
    We have calculated the final client bonuses reducing the TyEL contribution and they are available in the service for employers as of 3 March. Our record-high cost-effectiveness is directly reflected in smaller pension contributions for our employer customers.
  2. Article 2.3.2023
    When you move abroad it is very important to know which country’s social security you are covered by during the time you live in another country and what does it covers. It is also important to make sure all official documents – both statutory and possible additional insurances – are in order.
  3. Press release 16.2.2023
    Ilmarinen’s financial statements 2022: Premiums written grew strongly and cost-effectiveness improved to a record level, return on investments -6.6 per cent and continued strong solvency
    “2022 was a year of strong growth and improvement of effectiveness for Ilmarinen. Premiums written grew by as much as 11 per cent and cost-effectiveness improved to a record level. At the same time, the operating environment in the investment markets was very challenging. Russia’s war of aggression in Ukraine, Europe’s energy crisis, accelerated inflation and rapidly tightening central bank monetary policy cast a shadow over the economic outlook, broadly reducing investment market returns. Ilmarinen’s return on investments was negative, but solvency remained strong,” says Ilmarinen’s President and CEO Jouko Pölönen.
  4. Press release 2.2.2023
    Ilmarinen adopts new climate benchmarks
    Ilmarinen will introduce climate benchmark indices from 2023 onwards. "We have long used ESG benchmark indices in equity investments, but they are not enough to steer our portfolio towards carbon neutrality. That's why we need a new solution," says Mikko Mursula, Deputy CEO.
  5. Press release 21.12.2022
    Ilmarinen expands its climate targets
    Ilmarinen sets climate targets on two new asset classes: corporate bonds and foreign real estate. Plans are already in place for direct listed equity investments and Finnish real estate.
  6. News 20.12.2022
    We are participating in the power system support procedure
    The transmission system operator Fingrid developed a voluntary power system support procedure. Ilmarinen is taking part. If the procedure is activated, it may have a momentary impact on properties’ conditions.
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