In practice, competition between pension insurance companies works so that policyholders (employer or entrepreneur) can transfer their earnings-related pension insurance policies from one company to another.

Transfers between companies can be done four times a year. The transfer times are: 1st of January, 1st of April, 1st of July and 1st of October.

Statistical data on transfers are published four times a year on this page.

Annual statistics on company-specific transfers are also compiled and published each year in October.

Transfers 2018

Total volume of transfers under the Employees Pensions Act (TyEL), EUR 1,000.00,
year 2018
Number of TyEL policies transferred (pc), year 2018 Number of policies transferred under the Self-Employed Persons’ Pensions Act (YEL), pc,
year 2018
Elo 43 443 -371 -42
Pension-Veritas -6 433 233 517
Ilmarinen -36 997 -465 -312
Pensions-Alandia 759 -1 -10
Varma 2 350 650 -44
Etera -3 121 -46 -109

Transfers as a percentage of Year 2018 (Year 2017) 4/2018 3/2018 2/2018 1/2018
TyEL premium income 5,4 % 4,3 % 2,3 % 0,7 % 1,1 % 1,2 %
TyEL insurance portfolio 6,0 % 5,3 % 2,0 % 1,0 % 1,6 % 1,3 %
YEL insurance portfolio 6,3 % 6,2 % 1,8 % 1,2 % 1,8 % 1,5 %

For more information, please call:

Matti Carpén (Elo), tel. +358 20 703 5165

Jorma Hokkanen (Ilmarinen), tel. +358 10 284 3424

Åsa Ulfves (Pensions-Alandia), tel. +358 18 29 000

Mika Paananen (Eläke-Veritas), tel. +358 45 200 3004

Mika Pitkälä (Varma), tel. +358 40 519 5147

Minna Lehmuskero (Tela), tel. +358 10 680 6718