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Rigid conversion rate: Current conversion rates are based on outdated data on life expectancy and on overly optimistic interest rate promises.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