IPE's Switzerland Coverage – Page 63
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Country Report
Switzerland: The BVG generation
The BVG/LPP law of 1985 introduced mandatory workplace pensions in Switzerland.Looking back over the last 25 years, IPE questioned five industry figures
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Country Report
Switzerland: Doing the splits
Nina Röhrbein looks at how Switzerland is dividing up the AHV/AVS Social Security Fund to avoid what has been described as ‘an unhealthy state of affairs’
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Country Report
Switzerland: The wrong conversion
Barbara Ottawa assesses March’s national referendum on the mandatory conversion rate for Swiss pensions. This political victory for the few might prove detrimental to the many who will now have to pay higher contributions
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News
Swiss guarantee fund reports lowest payout in decades
SWITZERLAND – The CHF859.6m (€602.3m) Swiss “Sicherheitsfonds”, the fund for insolvency protection of Pensionskassen, reported the lowest pay-out for 15 years in 2009 as it adjusted its asset allocation.
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News
BPK under pressure to make DC switch
SWITZERLAND – The public pension fund of the Swiss canton of the capital city Bern, Bernische Pensionskasse (BPK), is under pressure from member companies to speed up its move away from a defined benefit (DB) scheme to a defined contribution (DC) arrangement.
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News
Positive returns push Publica above full funding
SWITZERLAND – The CHF 32.5bn (€22.7bn) Swiss Publica fund returned 10.13% in 2009 but is planning some organisational changes.
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News
Swiss funds returned over 2.3% in Q1
SWITZERLAND – Preliminary calculations by Credit Suisse suggest Swiss pension funds delivered a 2.32% return in the first quarter and surprising asset allocation revelations while Swisscanto's research could show there has been a significant funding level increase.
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News
Swiss fund BLPK returns 9.5%
SWITZERLAND – Despite a 9.5% return for 2009 the Pensionskasse for the canton surrounding the city of Basel, BLPK, is still far from its 2007 near full funding level.
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NewsSwiss PKBS gets another CHF800m injection
SWITZERLAND – The Swiss Pensionskasse for the city of Basel, PKBS, will receive another CHF795m (€544m) from the city but other public funds will be granted the right to remain underfunded.
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News
Swiss Post and PKBS deliver below average returns
SWITZERLAND – The Pensionskasse of the Swiss postal service (PK Post) as well as the one of the city of Basel (PKBS) returned 9.43% and 10.4% respectively last year - less than other pensionskassen because of their lower risk strategies.
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News
SBB gets CHF1.148bn in state aid
SWITZERLAND – The Swiss government has decided to grant the ailing Swiss federal railways (SBB) Pensionskasse CHF1.148bn (€784.5m) in aid if, in return, the fund drops all demands for a state guarantee on full funding.
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News
One in four Swiss plans are underfunded – Swisscanto
[15:45 CET 29-01] SWITZERLAND – A survey of over 400 Swiss pension funds conducted by Swisscanto has found two-thirds of public schemes and 20% of private plans were underfunded at the end of 2009.
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News
Luzern moves one step closer to pension recovery
[16:30 CET 25-01] SWITZERLAND – An advisory body to the regional parliament of the canton of Luzern has recommended officials approve proposed pensions recovery measures but introduce a time limit in which this must be achieved.
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News
Swiss pension returns average 11% in 2009
[16:45 CET 18-01] SWITZERLAND – Swiss Pensionskassen returned an average of 10.8% and 11.56% last year, depending on the data calculation method selected.
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News
Ten confirmed to join Swiss Ascoop fund
[16:50 CET 18-12] SWITZERLAND – The Ascoop spin-off fund to be created next year will be named Symova and will initially see 10 companies join it.
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News
Luzern finally secures recovery plan
[16:30 CET 02-11] SWITZERLAND – The CHF4.3bn (€2.85bn) Pensionskasse for the canton of Luzern will increase its members' retirement age and introduce additional contributions to the scheme, in a bid to get it back to full funding.
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News
Swiss returns now predicted to average 10.1%
[17:15 CEST 30-10] SWITZERLAND – Calculations conducted by Swisscanto suggest the average return achieved by Swiss Pensionskassen in the first nine months of this year hit 8.2%, but rival firm State Street has predicted the figure is more likely to be 10.11%.
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News
Swiss pensions return to full funding
[15:45 CEST 22-10] SWITZERLAND – Swiss pensionskassen delivered an investment return of 9% for the first nine months of this year and recovering markets have helped bring funding levels of private funds back up to 100%, according to Swiss consultancy Lusenti.
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News
Crisis forces Basel-Land to consider DC switch
[15:45 CEST 19-10] SWITZERLAND – The canton of the region of Basel is investigating whether to switch from a defined benefit scheme to a defined contribution plan for its CHF4.5bn (€3bn) public pension fund BLPK, in the wake of the recent crisis.
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News
Switzerland leaves minimum pension rate at 2%
[15:20 CEST 14-10] SWITZERLAND – The Swiss government set the minimum rate for second pillar pension funds at 2% for 2010.
