The value of employee Finnish earnings-related pensions transferred between pension insurance companies fell to €627.3m in the second 2026 transfer round, down from €845.6m in the previous quarter, according to the latest data from the Finnish Pension Alliance (Tela).

A total of 2,535 policies under the Employees' Pensions Act (TyEL) were transferred during the latest switching window, down from 3,213 in the previous quarter.

The transfers represented 0.8 per cent of TyEL payroll and 1.8 per cent of the TyEL insurance portfolio.

The share of TyEL payroll transferred also decreased from 1.1 per cent to 0.8 per cent, while the proportion of the TyEL insurance portfolio transferred fell from 2.3 per cent to 1.8 per cent.

Compared with the second transfer round of 2025, the corresponding figures were 0.9 per cent of payroll and 1.9 per cent of the insurance portfolio.

Meanwhile, transfers under the Self-Employed Persons' Pensions Act (YEL) totalled €94.4m, covering 3,761 policies.

Activity in the self-employed market also eased compared with the previous transfer round, with the value of transferred YEL policies falling from €117.3m to €94.4m and the number of transferred policies declining from 4,603 to 3,761.

YEL transfers accounted for 1.7 per cent of both payroll and the insurance portfolio, down from 2.1 per cent in the first 2026 transfer round but slightly above the 1.6 per cent recorded in the second transfer round of 2025.

Policyholders can transfer their TyEL and YEL policies from one pension insurance company to another, provided the earnings-related pension insurance has been held with the same company for at least one year before the transfer.

Transfers between pension insurers take place four times a year, on 1 January, 1 April, 1 July and 1 October.

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