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
Switzerland country report 2024: The trouble with Swiss second-pillar pension reform
Attempts to reform occupational pensions continue to fail, risking undermining public trust. But pension funds have already been making their own pragmatic changes
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
Swiss pension funds recalibrate US Treasuries exposure
The Swiss bond market is too small to meet the demand for bonds from Swiss pension funds, says PPCmetrics
Zurich’s PKZH cuts bonds and doubles down on growth assets
Pension fund tightens investment strategy in response to weaker long-term bond return expectations in Switzerland’s entrenched low interest-rate environment
Swiss pension funds weigh FX hedging as risk appetite rises
Rising equity allocations and a softer dollar are forcing Swiss pension funds to rethink how tightly they hedge FX
IPE DACH Briefing: Providers sharpen DC capabilities as private markets debate widens
The number of European Long-Term Investment Funds and exchange-traded funds is expected to rise within German corporate pension schemes
UBS offloads German Credit Suisse pension book in de-risking deal
UBS completes major German pension buyout as corporates accelerate efforts to shed legacy liabilities
Swiss pension funds pursue domestic private equity amid scepticism
Swisscanto’s new domestic private equity fund draws strong pension fund interest as scepticism on the asset class grows
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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Next up for Switzerland: second pillar reform?
The narrow majority of Swiss citizens voting to reform the country’s statutory (AHV) pension system in a referendum on 23 September (52.2%) could create momentum to bring about changes to the second pillar.
Swiss pension funds recalibrate US Treasuries exposure
The Swiss bond market is too small to meet the demand for bonds from Swiss pension funds, says PPCmetrics
Zurich’s PKZH cuts bonds and doubles down on growth assets
Pension fund tightens investment strategy in response to weaker long-term bond return expectations in Switzerland’s entrenched low interest-rate environment
Swiss pension funds weigh FX hedging as risk appetite rises
Rising equity allocations and a softer dollar are forcing Swiss pension funds to rethink how tightly they hedge FX
IPE DACH Briefing: Providers sharpen DC capabilities as private markets debate widens
The number of European Long-Term Investment Funds and exchange-traded funds is expected to rise within German corporate pension schemes
UBS offloads German Credit Suisse pension book in de-risking deal
UBS completes major German pension buyout as corporates accelerate efforts to shed legacy liabilities
Swiss pension funds pursue domestic private equity amid scepticism
Swisscanto’s new domestic private equity fund draws strong pension fund interest as scepticism on the asset class grows
UBS to offer new employees in-house pension fund as Credit Suisse plans unwind
‘Merging pension funds is a complex undertaking,’ says UBS, as it plans to reshape pension arrangements for all Swiss staff by 2027
Swiss pension funds claw back losses as funding ratios recover
The funding ratio of private pension funds stood at 117.5% year to date, according to Swisscanto
PKG Pensionskasse: Investing with discipline and patience
Diego Liechti, the new CIO of PKG Pensionskasse, explains the Swiss pension fund’s investment strategy to Luigi Serenelli as it steps up its exposure to illiquid assets
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