Fair play in retirement provision

Saving for yourself again – this is how important your pension fund assets are

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 44 % 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 fair play 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.
56%
of the Swiss do not count their pension fund assets as part of their fortune.
4 billion
Swiss francs are redistributed annually and are missing from the pension fund assets of the insured.
71%
of young adults push the subject of "retirement provision" to the back of their minds.

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Rigid conversion rate: Current conversion rates are based on outdated data on life expectancy and on overly optimistic interest rate promises.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

Envelope

What can you do as an employee to improve your retirement provision?

Learn about your occupational retirement provision early on, and talk to your employer about it. If necessary, additional personal retirement provision may be of interest to you.

Find out more

New study: Serious gaps in knowledge of occupational retirement provision

New study: Serious gaps in knowledge of occupational retirement provision

People in Switzerland are unaware that their pension fund capital forms part of their own assets. This has far-reaching consequences.
Fairness rather than redistribution in the second pillar

Fairness rather than redistribution in the second pillar. Part 1: Fairness – what does it mean?

Recently, there has been increased discussion about fairness in occupational retirement provision. Why is this so? And what does fairness mean in this context?
Fairness rather than redistribution in the second pillar

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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Solutions from Zurich

Via your employer, you are covered under the occupational retirement provision of the Vita Joint 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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We would be happy to advise you