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: 1 January, 1 April, 1 July and 1 October. A prerequisite for the transfer of an earnings-related pension insurance policy is that the policy has been with the same company for at least one year before the transfer.

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 1/2019

Total volume of transfers under the employees Pensions Act (TyEL): EUR 152,964,000

Number of TyEL policies transferred:2,314

Number of policies transferred under the Self-Employed Persons’ Pensions Act (YEL): 3,161

Transfers as a percentage of 1/2019 4/2018 1/2018
* TyEL premium income 1.1 per cent 1.1 per cent 1.1 per cent
* TyEL insurance portfolio 1.5 per cent 1.3 per cent 1.6 per cent
* YEL insurance portfolio 1.5 per cent 1.4 per cent 1.8 per cent

For more information, please call:

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

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

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

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

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