The value of employee Finnish earnings-related pensions transferred between pension insurance companies rose to €779m in the third quarter of 2026, up from €627.3m in the previous quarter, according to the latest data from the Finnish Pension Alliance (Tela).

A total of 2,743 policies under the Employees' Pensions Act (TyEL) were transferred during the latest switching window, up from 2,535 in the previous quarter.

The transfers represented 1 per cent of TyEL payroll and 2 per cent of the TyEL insurance portfolio.

The share of TyEL payroll transferred also increased from 0.8 per cent to 1 per cent, while the proportion of the TyEL insurance portfolio transferred rose from 1.8 per cent to 2 per cent.

Meanwhile, transfers under the Self-Employed Persons' Pensions Act (YEL) totalled €95.1m, covering 3,911 policies.

Activity in the self-employed market also increased compared with the previous transfer round, with the value of transferred YEL policies rising from €94.4m to €95.1m and the number of transferred policies rising from 3,761 to 3,911.

YEL transfers accounted for 1.7 per cent of payroll, the same level as the previous quarter, and 1.8 per cent of the insurance portfolio, up from 1.7 per cent in the second 2026 transfer round.

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.

---