The number of Finnish earnings-related Employees Pensions Act (TyEL) pension transfers amounted to €904,822,000 in the first quarter of 2025, according to the Finnish Pension Alliance (Tela).
The first quarter of 2025 also saw transfers for the Self-Employed Persons’ Pensions Act (YEL) pension insurance total €92,672,000.
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 7,124 between January-March 2025.
In particular, the transfers under the TyEL numbered 3,493 and totalled 3,631 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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