Fairplay in retirement provision

This is how fair play works in occupational retirement provision

This is how fairplay works in occupational retirement provision

Enjoying old age without financial worries is one of the main goals of many employees. Occupational retirement provision plays an important part in the second pillar, where employer and employee each pay in money every month. However, only 43 percent of the Swiss population are aware that these pension fund assets belong to their personal fortune. And precisely part of these assets, namely some of the returns, are being misused through redistribution. Vita is committed to fairplay in occupational retirement provision and provides transparent information on redistribution. Vita also creates future-proof pension products and supports you in choosing the right solution for yourself.

Fairplay study: Serious gaps in knowledge of occupational retirement provision

Read about the consequences of this and the importance of educational work in the current representative study conducted by the Sotomo research institute on behalf of Vita Collective Foundations and Zurich. (Study available in German only)

57%
of Swiss people do not count their pension fund assets as part of their fortune.
49%
view BVG contributions as a fee or tax.
63%
of Switzerland’s working population considers the redistribution of their retirement savings capital to be unfair.

To the point

Less investment income: The return on invested retirement assets is lower, due to lower interest rates.

Increasing life expectancy: Happily, we are enjoying our retirement for longer and longer. However, this means that retirement assets at retirement have to last longer.

Rigid conversion rate: Current conversion rates are based on outdated data on life expectancy and on overly optimistic interest rate promises.

Unfamiliarity with investment strategy: The majority of Swiss employers and employees are unfamiliar with the investment strategy of their retirement provision. Eventhough, for many, savings in the 2nd pillar represent the largest savings component.

Financing commitments: Investment returns can no longer finance the promises of the conversion rate. A funding gap exists for retired persons.

Unfair redistribution: The funding gap is closed using part of the returns generated on invested retirement assets.


This is how Vita is committed to fairplay in occupational retirement provision

Transparency

In order to counteract undesired redistribution, Vita is committed to fair, sustainable and flexible occupational retirement provision. It clarifies undesired redistribution and creates transparency.

Different investment strategies

Vita advises its customers on the choice of the appropriate pension planning solutions and investment strategy, taking individual needs and risk capacity into account.

Pension planning models and pension planning solutions

Vita develops pension planning solutions that ensure that as much of the investment return as possible also reaches the insured persons.

Occupational retirement provision with Vita

Flexible standard solution? Tailored investment strategy? Additional protection for management staff? Find out how you can provide optimal protection for your employees and which retirement provision solution best suits your company.

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At maxon, employees are well-provided for: both now and after retirement

At maxon, employees are well-provided for: both now and after retirement

At maxon, a company based in Sachseln, the well-being of employees is a top priority. This applies not only in terms of their professional everyday lives, but also with respect to occupational retirement provision.

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Fairness rather than redistribution in the second pillar. Part 2: What is going wrong in occupational retirement provision?

The occupational retirement provision by design does not include a redistribution between generations – but it is happening. What are the reasons and what are the effects?

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Education needed: Occupational retirement provision is underestimated

For many people, occupational retirement provision from the 2nd pillar is the most important component of their income in old age. But its importance is underestimated. This has consequences.

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Let's talk about … occupational retirement provision

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You can find a compact explanation of the most important terms concerning a pension provision here. A basic explanation for those new to the terms.

BVG Glossary

BVG Glossary

Plain language instead of technical jargon in occupational retirement provision - frequently used technical terms explained simply and understandably.

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Such is life – key moments in the course of a professional career and their impact on occupational retirement provisions.

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Occupational retirement provision: There is much more potential in our savings

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Fair play in the  occupational retirement provision system

Fair play in the occupational retirement provision system

Vita and Zurich offer SMEs various models in the second pillar that optimize investment opportunities and reduce the extent of the undesired redistribution or avoid redistribution altogether.

Zurich Logo drawn

Solutions from Zurich

Via your employer, you are covered under the occupational retirement provision of the Vita Collective Foundations and Zurich Life Insurance Company Ltd. Benefit from this partnership and conclude various Zurich insurance and investment solutions at preferential conditions.

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