IPE's Switzerland Coverage – Page 67
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Country Report
Dilemma of market gains
Emma Cusworth assesses the funding levels of Swiss pension funds
-
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
-
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
