Switzerland Investment and Pensions
The financial situation of the compensation fund AHV, the largest of the three under management of public institution Compenswiss, will deteriorate in the years to come. Therefore, the government and the parliament are trying to find funding sources to keep AHV’s funding ratio in balance until 2040. The occupational pension supervisor OAK BV will keep a close eye on multi-employer pension funds to make sure they have enough reserves to fend off market turbulences, while ESG reporting standards for Pensionskassen turn the focus on quality.
Pension Funds in Switzerland - Country Report
Pensions in Switzerland report 2026: Swiss franc strength forces domestic pension funds to adopt costly hedging strategies
The Swiss franc is seen as a safe haven in times of trouble, but its strength causes problems for the country’s pension funds
TOP SWISS PENSION FUNDS 2025
Pension fund/entity | Assets (€’000)
- Compenswiss/Swiss Federal Social Security Funds | 51,429,510
- Kanton Zürich (BVK) | 45,592,404
- PUBLICA | 45,193,869
- ASGA Pensionkasse | 33,089,316
- UBS Pensionskasse | 32,251,486
©IPE Research; View the Top 1000 European Pensions Funds 2025 for a comprehensive market overview
Credit Suisse pension fund de-risks as cash outflows reshape strategy
The changes mark a shift towards a more permanent environment of structural cash outflows, prompting a realignment of the investment process
Swiss pension funds increase domestic equity exposure as funding ratios surge
Strong equity returns and higher domestic allocations lifted Swiss pension funds to historic funding highs
Lusenti Coninco looks to expand among Swiss pension funds following merger
Swiss consultant aims to deepen large pension fund relationships as private markets increase governance demands
Swiss association urges members to deny debt financing to major fossil fuel companies
Swiss responsible investment association, SVVK-ASIR, advises pension fund members to phase out fossil fuel debt holdings
Lucerne pension fund to raise private equity impact allocation
LUPK plans higher allocations to impact-focused private equity, infrastructure and micro-finance despite wider Swiss caution
Compenswiss tenders up to CHF1bn per money market fund allocation
Swiss institutional investors launch manager searches across liquidity, US equity and global small-cap strategies
TOP MANAGERS: SWISS INSTITUTIONAL ASSETS
Company | Assets (€m)
- Zürcher Kantonalbank | 259,829*
- UBS Asset Management | 257,813[1]
- Swiss Life Asset Management | 131,028
- Pictet Asset Management | 72,132*
- AXA Investment Managers | 66,904
- BlackRock | 55,609
- Record Currency Mangement | 53,436***
- Vontobel | 51,459*
- Mesirow Currency Management | 47,619**
- Baloise Asset Management | 38,295
As at 30.6.24, *31.8.24, **30.9.24 ***28.6.24
[1] Excludes Credit Suisse Asset Management AUM
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IPE BEST PENSION FUND IN SWITZERLAND AWARD WINNERS
- 2024 - CPEG
- 2023 - Pensionskasse Manor
- 2022 - CERN Pension Fund
- 2021 - Pensionskasse Bosch Schweiz
- 2020 - Pensionskasse Manor
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Credit Suisse pension fund de-risks as cash outflows reshape strategy
The changes mark a shift towards a more permanent environment of structural cash outflows, prompting a realignment of the investment process
Swiss pension funds increase domestic equity exposure as funding ratios surge
Strong equity returns and higher domestic allocations lifted Swiss pension funds to historic funding highs
Lusenti Coninco looks to expand among Swiss pension funds following merger
Swiss consultant aims to deepen large pension fund relationships as private markets increase governance demands
Swiss association urges members to deny debt financing to major fossil fuel companies
Swiss responsible investment association, SVVK-ASIR, advises pension fund members to phase out fossil fuel debt holdings
Swiss watchdog tightens oversight of fast-growing multi-employer pension funds
Increasing assets under management and the number of members can affect the stability of the country’s second pillar pension system, OAK BV said
Lucerne pension fund to raise private equity impact allocation
LUPK plans higher allocations to impact-focused private equity, infrastructure and micro-finance despite wider Swiss caution
Compenswiss tenders up to CHF1bn per money market fund allocation
Swiss institutional investors launch manager searches across liquidity, US equity and global small-cap strategies
IPE DACH Briefing: Swiss pension funds step up private markets allocations
Siemens Pensionskasse is moving into direct lending to broaden its investment universe, while Asga Pensionskasse is also expanding alternative investments
Basel pension fund ties impact investing to returns and exclusion policy
PKBS links impact investing to market returns, expanding sustainability focus to biodiversity and human rights
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