Do the five products differ in terms of investment strategy and returns?

Yes, there are differences between our five retirement provision solutions in terms of investment strategy as well as risk and expected returns.

• With Vita Classic, the investment strategy is defined by the Investment Committee and approved by the Foundation Board. The assets are broadly diversified and invested for the long term, therefore cushioning short-term market fluctuations and generating stable returns over the long term. The interest rate is transparent and balanced thanks to the interest rate model defined in the regulations.
  Net returns 2022: -9.8%  
  Net returns 2023: 5.7% (provisional)  
  ∅ net return over the last 5 years: 3.5% 
  ∅ net return over the last 10 years: 3.4% 
  Interest on the pension savings over the last 5 years: 2.6% 
  Interest on the pension savings over the last 10 years: 2.3% 
• Vita Invest makes even more attractive returns possible, by providing each company with an individual investment strategy. "Autoinvestment" ensures that the investment strategy is always aligned with the company's risk capacity, even over time, and that the assets are invested efficiently. At Vita Invest, each company receives its own pension fund, the income from which is protected by its own balance sheet and benefits only its own insured. Returns and interest therefore vary not only from year to year, but also from company to company.
  ∅ interest 2022: 2.0%  
  ∅ interest 2023: 3.1% (provisional)  
  ∅ net return over the last 5 years: 3.5% in the Progressive investment profile
  ∅ net return over the last 10 years: 3.7% in the Progressive investment profile
• Vita Relax is a full insurance solution where the investment of the pension savings is delegated to Zurich. The focus here is on full capital protection. The assets are invested in a particularly well protected life insurance guarantee fund, are subject to stringent restrictions and are regularly audited by FINMA. This means that Zurich bears the entire investment risk and any coverage deficiency can be ruled out. This risk averse investment strategy may bring lower returns than those achieved by semi-autonomous solutions, which is also reflected in the interest earned. Interested earned on the retirement assets is guaranteed, irrespective of the current investment environment.
• With the Vita Select supplementary insurance, the insured decides which investment strategy is to be applied in the super-mandatory part. The insured participate directly in both positive and negative price developments.
  Highest net return 2023: 7.3% in the Progressive investment profile
  ∅ net return over the last 5 years: 2.1% – 3.5% 
• Those who do not want to do without a capital guarantee in their super-mandatory retirement provision can take out the supplementary insurance Vita Plus Retirement Savings and Risk Coverage for complete protection. The focus is on full capital protection, which is why the assets are invested in the life insurance's specially protected protection fund. Interest is possible and is passed on in the form of surpluses, but it is at a low level due to the low interest rates of risk-free investments.