IPE's Switzerland Coverage – Page 65
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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.
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Country Report
Dilemma of market gains
Emma Cusworth assesses the funding levels of Swiss pension funds
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Country Report
Positive voting opportunity
The Swiss vote on pensions in 2010 presents an excellent chance to make the case for a good second pillar, argues André Tapernoux
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Country Report
Consequences of inflation
Deflation and inflation have differential effects on the redistribution of risks between active members and pensioners, find Lukas Riesen and Alfred Bühler
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Country Report
Law change is just a formality
Swiss pension funds welcome new investment limits on alternatives because of their emphasis on the prudent investor rule, not because they make investing easier, finds Nina Röhrbein
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Country Report
Clear boundaries ahead
An amendment to the legislative framework for pensions aims to reduce the number of supervisory authorities for Pensionskassen with clearer structures and more unified rules on governance, finds Barbara Ottawa
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News
Row over Swiss funding levels
[16:50 CEST 24-09] SWITZERLAND – Many pension funds are back to full funding after a significant market recovery in the first half of 2009 but Swiss experts say widely differing calculations on average 2008 funding levels have left them confused as to what pension funds' true funding levels are.
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News
BPK scraps additional contributions
[16:15 CEST 16-09] SWITZERLAND - The CHF7.9bn (€5.2bn) Bernische Pensionskasse (BPK) has reviewed its recovery plans and will reduce its interest rate paid to members from January, just as regular contributions will rise.
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News
Luzern fund recovery gets go ahead
[15:45 CEST 04-09] SWITZERLAND – The city of Luzern has agreed to a recovery plan for the CHF1bn (€660m) fund which will see CHF10m flow into the fund immediately.
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News
PKE appoints CEO following staff turnover
[16:00 CEST 01-09] SWITZERLAND - The Swiss energy sector pension fund PKE has appointed Ronald Schnurrenberger as its new chief executive.
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FeaturesSwitzerland: Shifting attitudes
The regulators are under pressure to allow cuts in benefit levels as funding problems increase, reports Emma Cusworth
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NewsASIP calculates 3.4% Swiss return
[16:40 CEST 27-08] SWITZERLAND – Swiss pension funds returned 3.4% for the first half of 2009, according to calculations made by Watson Wyatt for the Swiss pension fund association ASIP.
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News
Swisscanto sees easing of funding crisis
[15:50 CEST 24-08] SWITZERLAND – The average funding level of Swiss pension funds has recovered slightly since the beginning of this year to 93.4%, according to Swisscanto calculations.
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News
Swiss pension figures brighten funding picture
[16:40 CEST 18-08] SWITZERLAND – Figures released by the supervisory authorities of the cantons of Solothurn, Basel-Land and Basel-City suggest only 32% of local pensionskassen are underfunded.
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News
Merger to create new fund for Swiss canton Valais
SWITZERLAND – The Swiss canton of Valais is finalising a merger between its two public pension funds, to increase the funding level and eventually change from a DB to a DC scheme.
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News
Basel fund proposes contribution hike for 19 years
SWITZERLAND – The government of the Swiss canton of Basel City has refined recovery plans for the civil servants fund PKBS, which will include a one-off payment of CHF 1.12bn (€730m).
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NewsBPK recovery goes back to drawing board
[16:30 CEST 04-08] SWITZERLAND – The canton of Bern has rejected proposals for an increase in contributions to the Bernische pensionskasse (BPK).
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NewsSwiss funds see first gain since 2007 - State Street
[16:15 CEST 03-08] SWITZERLAND – Swiss pensionskassen generated a 5.61% gain during the second quarter of this year, suggests data produced by State Street - the first positive return to be seen for two years.
