This will reduce the number of steps that the applicant, TR and the pension funds have to take when applying for payments from TR. Thus, the application process will be simpler for applicants.

The requirement for invalidity and old-age pensions at TR is that the customer has applied to all pension funds to which he/she is entitled. Therefore, TR must receive information about which pension fund the customer has paid contributions to and receive confirmation of the application from the funds in order to be able to process the application of the person concerned. From now on, this information will be sent digitally to TR and applicants do not need to obtain these data themselves and pension funds do not need to issue confirmations of applications.

The agreement signed between pension funds and TR discusses in detail the exchange of personal data, the parties' responsibilities and obligations in relation to the processing and services covered by the agreement.

The agreement is an important step to increase digital information exchange between TR and pension funds, but a large number of TR customers are also receiving payments from pension funds and therefore it is to everyone’s benefit to have secure digital information exchange between these parties.