The solvency ratio of Finnish earnings-related pension providers increased by 3 percentage points to 132.5 per cent in the second quarter of 2026, figures from the Financial Supervisory Authority have shown.

The ratio, which is calculated by dividing pension assets by technical provisions, rose from 129.5 per cent at the end of March and from 130.7 per cent at the end of 2025.

Pension insurance companies’ average solvency ratio was 132.2 per cent, while company funds and industry-wide funds had a solvency ratio of 144.4 per cent.

Finnish earnings-related pension providers’ investment return was 5.6 per cent in the first half of 2026, driven by an 8.3 per cent return on equities.

The average allocation to equities in investment portfolios continued to increase and reached a record-high of 58.7 per cent, up from the previous peak of 56.3 per cent at the end of 2025.

“The first amendments related to the pensions reform entered into force on 1 July 2026 as the amended provisions on, for example, the act on the calculation of the solvency limit of pension institutions and the diversification of investments (315/2015) and the related government decree (447/2015) took effect,” the Financial Supervisory Authority stated.

“These amendments have an impact on, for example, the calculation of the solvency limit.

“As a result of the reform, with the current share of equities in the investment portfolio, employee pension institutions’ resilience to equity shock will in future be stronger.

“Solvency calculations and solvency figures for the first half of 2026 were prepared in accordance with the provisions of the law and decree that were in effect on 30 June 2026.”

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