The country’s direct democracy has a lot to say about pensions in what is Europe’s third-largest pension market. A March 2024 referendum backed a higher state pension – the only issue is financing the hike, a problem the government is currently grappling with. A referendum on 22 September 2024 centres on a proposal to boost workplace pensions by maintaining benefits and protecting lower paid and part-time workers. It will lower pension accrual and increase contributions. The central motion has been backed by government, parliament, employers and the pension association ASIP, but not by unions.
Attempts to reform occupational pensions continue to fail, risking undermining public trust. But pension funds have already been making their own pragmatic changes
Pension fund/entity | Assets (€’000)
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
ASIP updates standards to strengthen qualitative reporting, especially for stewardship
The next steps in Amundi’s private markets strategy in Germany are to promote ‘healthy growth’ among institutional investors and double AUM to €5bn in the next 3 years
The Green party has criticised the Federal Court’s ruling as the vote was not based on reliable figures and facts
The scheme will increase investments in infrastructure and equities by 2% each
It will be ‘very challenging’ for pension funds to generate the statutory minimum interest rate of 1.25%, says PPCmetrics
Company | Assets (€m)
As at 30.6.24, *31.8.24, **30.9.24 ***28.6.24
[1] Excludes Credit Suisse Asset Management AUM
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
September’s referendum on the reform of second-pillar pensions demonstrates that comprehensive proposals engineered from the top down don’t always bring the expected results. The latest proposal was roundly defeated by two thirds of the electorate.
ASIP updates standards to strengthen qualitative reporting, especially for stewardship
Plus: Bundesrat recommends reviewing second pillar pension system; Swiss Federal Supreme Court rejects complaints on pension reform
The next steps in Amundi’s private markets strategy in Germany are to promote ‘healthy growth’ among institutional investors and double AUM to €5bn in the next 3 years
The Green party has criticised the Federal Court’s ruling as the vote was not based on reliable figures and facts
The scheme will increase investments in infrastructure and equities by 2% each
It will be ‘very challenging’ for pension funds to generate the statutory minimum interest rate of 1.25%, says PPCmetrics
CPEG is asking asset managers to provide an explanation for their departures from the climate engagement group
Lombard Odier, Pictet, UBS, Zürcher Kantonalbank, and Baloise back AMAS letter to help guide engagement between asset managers and investee companies
The situation in terms of diversity on the board of directors of Swiss companies is ‘worrying’, says foundation
Finanzplatz-Initiative aims to collect 100,000 signatures necessary to hold a referendum and enshrine new set of rules on sustainability in constitution