Our annual Swiss Pension Funds Study is a reliable source of information. For more than 20 years, it has provided valuable insights into the second pillar, monitoring the returns achieved by Swiss pension funds. The study presents the current condition of Swiss pension funds.
Our Pension Funds Study covers around 500 pension funds. It fulfils an important societal task by providing insights into the general condition of domestic pension funds. It has been providing orientation on the performance values of pension funds year after year, for more than 20 years.
The economy and society are changing. Pension funds and asset managers are staying abreast of these changes. That is why our Pension Funds Study always addresses current key topics such as the embedding of sustainability in pension funds.
The pension funds achieved an average return of -8.8% on assets in 2022 – the second worst performance in the last 20 years.
The performance range is twice as high as in previous years and ranges from -1.0% to -16.2%.
Active insured persons had to swallow bitter pills for years in order to finance pension guarantees for an ageing society. This redistribution is now largely completed.
After decades of continuous cuts, the technical interest rate rose slightly for the first time since the BVG came into force in 1985.
Meanwhile, 37% of pension funds have anchored ESG criteria in their investment policies.
Funds with relatively high proportions of illiquid assets performed above average in 2022. Illiquid assets include alternative investments, private equity and infrastructure investments.