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
Legal battle over transparency of Swiss public pension funds escalates
Court cases in Vaud test whether Swiss public pension funds must disclose investment allocations publicly
IPE DACH Briefing: Germany’s third-pillar shake-up draws new entrants to pension market
Plus: German Pensionskassen are looking to pool assets to access specialised investment strategies
Swiss Tellco intervention seen as proof of effective pension fund oversight
Pension experts say Tellco intervention shows Swiss pension oversight works, despite governance concerns in multi-employer schemes
Industry voices caution on supervisory expansion in Swiss pension reform debate
Swiss pension experts warn against overreach as reform review raises supervision and governance concerns
Swiss supervisor puts pension fund under WTW administration
Tellco said the move was necessary due to ongoing disputes between members of the board of trustees
Ethos Foundation condemns CEO pay at largest Swiss banks
Their remuneration reached ‘record levels’ in 2025, according to the Swiss pension fund-backed organisation
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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Legal battle over transparency of Swiss public pension funds escalates
Court cases in Vaud test whether Swiss public pension funds must disclose investment allocations publicly
IPE DACH Briefing: Germany’s third-pillar shake-up draws new entrants to pension market
Plus: German Pensionskassen are looking to pool assets to access specialised investment strategies
Swiss Tellco intervention seen as proof of effective pension fund oversight
Pension experts say Tellco intervention shows Swiss pension oversight works, despite governance concerns in multi-employer schemes
Industry voices caution on supervisory expansion in Swiss pension reform debate
Swiss pension experts warn against overreach as reform review raises supervision and governance concerns
Swiss supervisor puts pension fund under WTW administration
Tellco said the move was necessary due to ongoing disputes between members of the board of trustees
Ethos Foundation condemns CEO pay at largest Swiss banks
Their remuneration reached ‘record levels’ in 2025, according to the Swiss pension fund-backed organisation
Compenswiss adapts investment strategy to changing outlook for Swiss social security
Frank Juliano, chief investment strategist at Compenswiss, talks about the fund’s new asset allocation choices, as the outlooks of the three social security funds managed by the organisation diverge
IPE DACH Briefing: Compenswiss overhauls asset allocations
Plus: Beate Petry, chair of aba, said the occupational pension association backs further reform to open social partner defined contribution models to third parties
Swiss pension funds warned of liquidity risks as alternatives allocations climb
Andreas Rothacher of Complementa urges stricter liquidity planning as Swiss pension funds increase allocations to illiquid assets
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