The number of Finnish earnings-related Employees Pensions Act (TyEL) pension transfers amounted to €628m, rounded to the nearest million, in the second quarter of 2025, down from €905m in the first quarter, according to the Finnish Pension Alliance (Tela).
The second quarter of 2025 also saw transfers for the Self-Employed Persons’ Pensions Act (YEL) pension insurance total €85m, rounded to the nearest million, down from €93m in the first quarter.
In addition to this, the findings showed the number of Finnish earnings-related pension insurance policies transferred from one pension insurance company to another was 6,054 between April-June 2025, down from 7,124 in the first three months of 2025.
Broken down, the transfers under the TyEL numbered 2,713 and totalled 3,341 under the YEL.
Occupational pensions, such as TyEL or YEL insurance, can be transferred by policyholders from one occupational pension company to another, provided that the earnings-related pension insurance had been obtained from the same company for at least one year before the transfer.
There are four deadlines a year for transferring pensions - the first day of January, April, July, and October.
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