At the end of 2021, Swiss employment-based pensions fund in aggregate held assets worth 18.5% more than what they owed. Second pillar pension deductions are invested by regulated pension funds that operate within rules specified by government. Data published on 21 October 2021 show how rapidly the financial fortunes of Switzerland’s second pillar pension funds can deteriorate. In addition, not all second pillar pension funds were in negative territory at the end of September. Unlike past market movements the recent one has hit a wide range of assets held by these pension funds.

Source: Le News October 28, 2022 22:43 UTC