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Sharing economy and insurance

The sharing economy poses a challenge in terms of pension insurance: when is a person working on digital platforms a self-employed person and when an employee?  A new website, soon available also in English, offers information on the statutory obligations relating to sharing economy.

Age at retirement continues to rise

The average age of retirement on an earnings-related pension in Finland edged up to 61.3 years in 2018, according to statistics from the Finnish Centre for Pensions. New retirees were one month older than the year before. Overall the number of new retirees on an old-age pension was considerably down from the previous year as […]

2018 Pro Gradu Award up for grabs

Each year, the Finnish Centre for Pensions grants a Pro Gradu Award of €2,000 to a quality Master’s thesis accepted at a Finnish university in the previous calendar year.

Slightly fewer rejected disability pension applications

According to statistics of the Finnish Centre for Pensions, the number of new disability pension decisions grew considerably in 2018. At the same time, the share of rejected disability pension applications dropped for the first time in a decade.

EU lippuja

Brexit may affect social security

The British MPs rejected Prime Minister Theresa May’s Brexit deal in a vote on 15 January 2019. This does not mean, however, that Britain will exit from the bloc immediately, with no deal. Together with the Ministry of Social Affairs and Health and other authorities, the Finnish Centre for Pensions monitors the situation.

Growing number of working retirees

One in ten 63-67-year-old retirees works.  The number has grown slightly year-on-year. The majority of work done in retirement is irregular and part-time work. The working retirees have, on average, higher earnings-related pensions than others of the same age.

News

2018 Pro Gradu Award up for grabs

Each year, the Finnish Centre for Pensions grants a Pro Gradu Award of €2,000 to a quality Master’s thesis accepted at a Finnish university in the previous calendar year.

Slightly fewer rejected disability pension applications

According to statistics of the Finnish Centre for Pensions, the number of new disability pension decisions grew considerably in 2018. At the same time, the share of rejected disability pension applications dropped for the first time in a decade.

EU lippuja

Brexit may affect social security

The British MPs rejected Prime Minister Theresa May’s Brexit deal in a vote on 15 January 2019. This does not mean, however, that Britain will exit from the bloc immediately, with no deal. Together with the Ministry of Social Affairs and Health and other authorities, the Finnish Centre for Pensions monitors the situation.

Growing number of working retirees

One in ten 63-67-year-old retirees works.  The number has grown slightly year-on-year. The majority of work done in retirement is irregular and part-time work. The working retirees have, on average, higher earnings-related pensions than others of the same age.

Press releases

Sharing economy and insurance

The sharing economy poses a challenge in terms of pension insurance: when is a person working on digital platforms a self-employed person and when an employee?  A new website, soon available also in English, offers information on the statutory obligations relating to sharing economy.

Age at retirement continues to rise

The average age of retirement on an earnings-related pension in Finland edged up to 61.3 years in 2018, according to statistics from the Finnish Centre for Pensions. New retirees were one month older than the year before. Overall the number of new retirees on an old-age pension was considerably down from the previous year as […]

Men aged 42 highest earners in Finland

Employees’ average monthly insured earnings in Finland are just over 2,800 euros. Women’s average earnings are 800 euros less than men’s. Earnings peak between ages 40 and 50.

Comparison of earnings-related pension investors speaks of fluctuating returns

The exceptional investment strategy of the Danish ATP pension fund proved to be the most successful over the 10-year review period, despite the low returns in recent years. An international comparison of investment returns shows that, in recent years, the returns of the Finnish earnings-related pension insurance companies have been favourable. In the long run, […]

Unique comparison of investment returns

An international comparison of investment returns shows that, in recent years, the returns of the Finnish earnings-related pension insurance companies have been favourable. In the long run, however, they lag behind. The comparison covers the major Finnish earnings-related pension providers, as well as large investors from northern Europe and North America. Read more about the comparison […]

Finland breaks into top three world’s best pension systems

The Finnish pension system is the third best in the world, according to the Mercer Global Pension Index out today. This is the first time Finland has been ranked among the world’s top three pension systems, and the fifth time that the Finnish system’s integrity rating is the highest in the world.

Partial old-age pension continues to be popular

The Finnish Centre for Pensions projects that 10,000 new partial old-age pensions will be paid out in 2018. In practice, every tenth person who has turned 61 years will take out this pension early. The majority of those who have drawn the pension are middle-income men who continue working while drawing half of their earned […]

Flexible pension reforms inefficient

Most of Eu­ro­pe’s flexible pen­sion so­lu­tions have failed, argued Prof. Börsch-Su­pan at a research seminar at the Finnish Centre for Pensions in early September. Alt­hough the pen­sion re­forms car­ried out in nine OECD count­ries have rai­sed the emplo­y­ment rates of 55–64-year-olds, the num­ber of wor­king hours has gone down or stayed at the same level […]