Vita Classic

Vita Classic

For companies that value attractive interest rates in their pension provision

With Vita Classic we offer sustainable occupational pension solutions that you can be flexibly adapted to your needs. Your pension contributions can earn attractive interest thanks to the Vita Classic pension model. This pension model is based on a proven, broadly diversified investment strategy. Trust in Vita Classic's long term experience and the combined expertise of the Vita collective foundation and Zurich Insurance.

Advantages

  • Stable returns thanks to a proven and broadly diversified investment strategy
  • Clear participation of policyholders in the investment success
  • Fair distribution of investment income
  • Interest rate reserve for weak investment years
  • Base interest rate and possible additional interest known in advance
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This is how Vita Classic works

In the case of Vita Classic, the pension capital is managed by the Vita Joint Foundation. This means that the investment income benefits the employees of the affiliated companies in the form of attractive interest earned.  In addition, each affiliated company has a say in the governance of Vita Classic. The administration committee can nominate candidates for the foundation board as employees' or employers' representatives.

Interest earned on retirement savings capital

The total interest earned under the Vita Classic pension planning model consists of base interest and any additional interest.Thanks to the high investment income in past years, customers of the Vita Joint Foundation have benefited from total interest earned that is higher than average.

Affiliation in
Total interest earned in % 2015 2016 2017 2018 2019*
2019 BVG mandatory retirement savings  2.40 1.40 1.40  1.00 1.00
Super-mandatory retirement savings  2.65 1.65 1.65 1.25  1.25 
2018 BVG mandatory retirement savings 2.40 1.40 1.40 1.00  -
Super-mandatory retirement savings 3.15 2.15 2.15 1.75  -
2017 BVG mandatory retirement savings 2.00 1.00 1.00 -  -
Super-mandatory retirement savings 2.50 1.50 1.50 -  -
2016 BVG mandatory retirement savings 2.25 1.25 - -  -
Super-mandatory retirement savings 3.00 2.00 - -  -
2015 BVG mandatory retirement savings 2.65 - - -  -
Super-mandatory retirement savings 3.40 - - -  -
* New customers with contracts starting in 2019 earn interest at a base rate of 1.00% on mandatory contributions and 1.25% on voluntary contributions.

Minimum statutory interest rate

  2015 2016 2017 2018 2019 
BVG minimum interest rate in % 1.75 1.25 1.00 1.00 1.00 

Coverage ratio & performance

13.29
Assets in CHF billion
31.12.2017
104.3%
Coverage ratio
30.11.2018
-0.04%
Investment Performance
30.11.2018
History & comparison

In detail

Investment strategies

The investment strategy is defined by the Investment Committee of the Vita Joint Foundation and approved by the Foundation Council. A balanced asset allocation with equity and real asset holdings and alternative investments helps stabilize returns over the long term.

The investment strategy is long-term in nature and is adjusted on an ongoing basis to accord with the risk-return profile of the Foundation. A strategy of broad investment diversification is pursued in order to buffer against short-term volatility in the capital markets.

Vita Classic investment strategy

The Vita Joint Foundation has 60.96% of its portfolio in equities and bonds. The ten largest positions in these asset classes are stated below along with the respective percentages these comprise of the overall portfolio. 

Ten largest positions, equities in CHF in % of equities in % of portfolio
Nestlé SA 158‘799‘464,01 4,47 1,16
Novartis AG 134’005’704,73 3,77 0,98
Roche Holding AG 113’402’245,11 3,19 0,83
Visa Inc
 61’662’652,71 1,73 0,45
Microsoft Corp 58’965’364,96 1,66 0,43
Apple Inc
 55’154’056,58 1,55 0,40
Amazon.com Inc
 53’156’973,76 1,50 0,39
Alphabet Inc
 49’513’638,20 1,39 0,36
UBS Group AG
 44‘525‘263,15 1,25 0,33
Johnson & Johnson 39‘440‘402,92 1,11 0,29
Total 768‘625‘766,13 21,62 5,62
Ten largest positions, bonds in CHF in % of bonds in % of portfolio
United States of America 478’516’562,55 10,65 3,51
French Republic 162‘858‘787,07 3,59 1,19
Pfandbriefbank schweizerischer Hypothekarinstitute 148’922’334,67 3,28 1,09
Swiss Confederation 137’902’616,14 3,04 1,01
Schweizer Kantonalbanken 90’749’119,35 2,00 0,67
Kingdom of Spain 66’751’091,63 1,47 0,49
Federal Republic of Germany 47’943’328,49 1,06 0,35
Oesterreichische Kontrollbank 41’754’728,41 0,92 0,31
Credit Agricole SA 36’989’954,55 0,82 0,27
Total SA 35‘104‘221,11 0,77 0,26
Total 1‘247‘492‘743,97 27,60 9,14
As of: 09/30/2018

Exercising of shareholder voting rights

Shareholder voting rights in exchange-traded domestic and foreign companies are exercised by the Zurich Investment Foundation. The Vita Joint Foundation invests exclusively in equity categories utilized by the Zurich Investment Foundation.

The Foundation Board

The board of trustees is the supreme management body of the Vita Collective Foundation and is responsible, among other things, for the investments.

Further information about the foundation board

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