Compare Pension Insurance in Finland

Compare voluntary pension insurance products in Finland.

18 live pension insurance offers tracked across 18 Finnish providers, with fees from 0.15% AMC. Data current as of 23 October 2026 and updated daily from the Giraffy database.

Live offers

18 live offers compared from 18 providers, from 0.15% AMC. Updated daily.

Varma Mutual Pension Pensions Varma Mutual Pension

0.15% AMC

  • Annual Fee: 0.15%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.15%

Ilmarinen Mutual Pension Pensions Ilmarinen Mutual Pension

0.25% AMC

  • Annual Fee: 0.25%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.25%

Elo Pension FI Pensions Elo Pension FI

0.30% AMC

  • Annual Fee: 0.3%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.3%

Veritas Pension FI Pensions Veritas Pension FI

0.40% AMC

  • Annual Fee: 0.4%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.4%

Keva Pension FI Pensions Keva Pension FI

0.50% AMC

  • Annual Fee: 0.5%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.5%

OP Pension Finland Pensions OP Pension Finland

0.60% AMC

  • Annual Fee: 0.6%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.6%

Nordea Pension FI Pensions Nordea Pension FI

0.65% AMC

  • Annual Fee: 0.65%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.65%

Aktia Pension Pensions Aktia Pension

0.70% AMC

  • Annual Fee: 0.7%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.7%

Mandatum Pension FI Pensions Mandatum Pension FI

0.75% AMC

  • Annual Fee: 0.75%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.75%

Evli Pension FI Pensions Evli Pension FI

0.80% AMC

  • Annual Fee: 0.8%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.8%

Fennia Pension FI Pensions Fennia Pension FI

0.90% AMC

  • Annual Fee: 0.9%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.9%

Lahitapiola Pension Pensions Lahitapiola Pension

0.95% AMC

  • Annual Fee: 0.95%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 0.95%

Pohjola Pension FI Pensions Pohjola Pension FI

1% AMC

  • Annual Fee: 1.0%
  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred
  • Management Fee: 1.0%

OP Säästöhenkivakuutus OP Insurance

Price on request

  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred

Elo Pension Fund Elo

Price on request

  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred

Ilmarinen Pension Fund Ilmarinen

Price on request

  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred

Mandatum Pension Mandatum

Price on request

  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred

Varma Pension Fund Varma

Price on request

  • Plan Type: Defined contribution
  • Tax Treatment: Tax deferred

What is pension insurance in Finland?

Pension provision in Finland has two public pillars plus voluntary saving. The earnings-related pension (työeläke) is a mandatory occupational scheme funded by employer and employee contributions and administered by pension insurance companies; it pays a pension based on your lifetime earnings. On top sits the national pension and guarantee pension from Kela, which supports those with little or no työeläke. Voluntary pension insurance and long-term saving products let individuals add private provision beyond the statutory system.

How the Finnish market works

The työeläke system is run by authorised mutual pension insurance companies and pension funds, into which employers must enrol workers — you generally do not choose your own työeläke provider as an employee, though employers and the self-employed do. The self-employed arrange their own YEL pension insurance, which also underpins their sickness and unemployment benefits. Kela pays the tax-funded national and guarantee pensions to top up low earners. Voluntary pension and savings products from banks and insurers offer additional, market-linked retirement saving.

Benefits

Earnings-related income — työeläke pays a pension tied to your lifetime earnings.

Safety net — Kela's national and guarantee pension supports low or no earnings-related history.

Self-employed cover — YEL insurance builds pension and underpins other social benefits.

Voluntary top-ups — private pension and savings products add flexibility.

How to choose

As an employee your työeläke is arranged for you, so the choices you control are your YEL basis if self-employed and any voluntary saving. For YEL, set a realistic confirmed income (YEL-työtulo), because it drives not only your pension but your sickness and parental benefits — under-declaring saves premium now but cuts cover. For voluntary products compare fees, fund choice and flexibility, and weigh a dedicated pension product against ordinary investing, which may offer more liquidity.

Leading providers in Finland

Varma, Ilmarinen and Elo — the main authorised earnings-related (työeläke) insurers.

Fennia — offers pension-related insurance products.

Mandatum — a provider of voluntary pension and long-term savings.

OP and Aktia — banks and insurers offering voluntary pension and saving products.

What it costs

The työeläke and YEL contributions are set as a percentage of earnings under statutory rules rather than freely priced. For voluntary and pension-linked savings products, the cost that matters is the annual management fee, which in the Finnish market broadly ranges from around 0.15 to 1.0 percent depending on the product and how actively it is managed. Lower ongoing fees compound into a materially larger pot over a long saving horizon, so fees deserve close attention.

Protections and regulation

The earnings-related pension system is supervised by Finanssivalvonta (the FIN-FSA), and pension companies operate under strict solvency rules to protect accrued pensions. Kela administers the tax-funded national and guarantee pensions. Voluntary pension and savings products are regulated financial products with disclosure requirements on fees and risk. The self-employed should note that YEL is mandatory above an income threshold and that the confirmed income level determines a wide range of social benefits.

Common questions

Can I choose my työeläke provider? As an employee, no — your employer arranges it; the self-employed choose their YEL insurer.

What does Kela's pension do? It provides a national and guarantee pension to top up low or absent earnings-related pension.

Do I need YEL if self-employed? Yes, above the income threshold — and it underpins other benefits.

Is voluntary pension saving worth it? It can add flexibility, but compare fees and liquidity against ordinary investing.

Pensions in Finland — FAQ

What is the best pension or retirement savings account in Finland?

Giraffy tracks 18 pension and retirement savings products across 18 providers in Finland. Compare by Annual Management Charge (AMC) and investment fund range to find the best fit for your retirement timeline.

What types of pension or retirement accounts are available?

Pension types typically include employer workplace pensions (with contribution matching), personal pensions (self-directed), and government schemes. Check your country's specific rules on contribution limits and tax relief — these vary significantly.

How much should I save for retirement?

A common benchmark is to aim for a retirement income of about 60–80% of your pre-retirement earnings. As a savings target, contributing 15% of your gross income from your mid-20s — including employer contributions — is a widely cited starting point. Pension calculators help model your specific situation.

When can I access my pension or retirement savings?

Retirement savings access ages vary by country and account type. In the UK, pension access starts at age 55 (rising to 57 in 2028). Australia allows access to super from preservation age (currently 60). Check your local rules — early withdrawal penalties and tax consequences can be severe.

What are pension charges and how do they affect my pot?

The Annual Management Charge (AMC) is the ongoing fee on your pension fund — typically 0.1–0.75% per year of your pot's value. On a £100,000 pot, a 0.5% AMC costs £500/year and compounds over time. Over 30 years, a 0.5% difference in charges can reduce your final pot by tens of thousands of pounds.

What is automatic enrolment and do I qualify?

Automatic enrolment means eligible workers are enrolled into a workplace pension without having to opt in — the UK, Australia, Ireland, and several other markets operate similar mandatory or auto-enrolment systems. Employer contributions are effectively 'free money', so opting out generally costs you significantly over time.