FFI - better finances for everyone
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Transcript of FFI - better finances for everyone
THE FINNISH FINANCIAL SECTORBetter finances for everyone
Anssi, 7 years old
Anssi is an active kid. His parents take out sports and accident insurances.
Anssi, 15 years old
Anssi gets his own current account and payment card. He takes out moped insurance and opens an ASP-savings account to finance his own home in the future. Once Anssi turns 18, his statutory earnings-related pension begins to accumulate.
Baby Anssi
Anssi’s parents take out medical expenses insurance and open a bank account for their baby. They make the first fund investments on Anssi’s behalf.
Anssi, 32 years old
With a family and home of his own, Anssi now has a home loan with loan insurance. He has taken out additional cover for his car with a voluntary motor vehicle insurance, and the family pet is also insured.
Anssi, 45 years old
Anssi has taken out a loan for a holiday home. He receives an inheritance of forest property and insures it. He invests surplus monthly income into life insurance to have a financial buffer if times get hard.
Anssi, 20 years old
Anssi takes out a student loan. To safeguard against losses Anssi takes out home insurance and travel insurance as well as statutory motor liability insurance for his car. Online banking and credit card use are a natural part of Anssi’s daily life.
Anssi, 80 years oldAnssi uses the assets he has accumulated from investments, real estate and inheritances to self-fund additional elderly care, welfare and wellbeing.
Anssi, 68 years old
To supplement his earnings-related pension Anssi considers taking out a reverse mortgate or single-premium pension insurance. He uses his investment income for recreation and travel.
EVERYONE IN FINLANDis a customer of the financial sector
The financial sector keeps the wheels of society turning
€1.4 billion tax revenue can cover the expenses of
8 new central hospitals, or
50 new schools, or
basic education for 20,000 pupils
Financial sector – better finances for everyone
WWW.FINANCEFINLAND.FI