Press releases

This year, Finland ranked seventh in the international Global Pension Index comparison. Although the country’s overall index value rose from 2020, Finland dropped two notches as Iceland and Norway passed it on the score board. Once again, the Finnish pension system was ranked the most transparent and reliable pension system in the world.

Allan Paldanius, M.Sc. (Mathematics), has been appointed Director of Research, Statistics and Planning and member of the Management Group of the Finnish Centre for Pensions.

A fresh international evaluation of the Finnish pension system finds that the system efficiently alleviates poverty and provides a reasonable income for pensioners. Nevertheless, the system will face a financing challenge that must be addressed in due time, by either raising pension contributions or strengthening the adjustment mechanisms.

Claiming a partial old-age pension is associated with parental lifespan, a recent study by the Finnish Centre for Pensions has shown. The shorter their projected life expectancy, the more likely it is that people will claim a partial old-age pension.

Every second Finn supports increasing employment-based immigration if our pension system is to be amended due to its financing. The Finns strongly oppose pension cuts. This is evident in the latest Pension Barometer conducted by the Finnish Centre for Pensions.

On average, the net income of a person retiring from employment is 79 per cent of the net income during the active period. A new study by the Finnish Centre for Pensions shows that the change in net income at retirement has remained unchanged since the early 2000s.

Despite the corona pandemic, Finnish investment assets rose by 4.8 per cent to 223 billion euros. In the review period 1997-2020, the average return of the Finnish pension insurance investors has exceeded the baseline projections. Read more about the allocation of Finnish pension investments in the English Summary of Työeläkelehti (2:2021), published on 7 June …

The majority of the pension funds in our comparison reached a real return of 5–10 per cent despite the exceptional year. The clearly highest return, around 20%, was made by the Swedish buffer fund AP6 that invests only in equities. The Finnish pension investors weathered the peculiar year with varying degrees of success.

Saving for retirement is more prevalent among men and the 55–64-year-olds. Women and the unemployed state more often than others that they are financially unable to save. This is evident from a recent study by the Finnish Centre for Pensions.

Many wage earners intend to continue working past their old-age retirement age. A recent study by the Finnish Centre for Pensions shows that men and the highly educated intend to retire at a higher age than others.