Demographic Change: Challenges for Pension Funds
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Pension Fund Services & Institutional
Pension Fund Services cover institutional asset management for pension funds, foundations and qualified investors. Under a discretionary mandate, Everon, as a FINMA-regulated wealth manager, implements the investment strategy defined by the governing body, within the investment rules of occupational pension provision. Responsibility for the investment strategy and its oversight remains with the pension fund's governing body.
The essentials
01
The governing body of a pension fund holds the leadership responsibility for asset management and sets the objectives, principles and organisation in an investment policy (Art. 49a BVV2).
02
Occupational pension provision requires careful selection of investments and an appropriate spread of risk across asset classes, regions and economic sectors (Art. 50 BVV2).
03
The BVV2 sets limits per asset category relative to total assets; extensions are possible under conditions where the pension fund demonstrates compliance with the principles (Art. 50 para. 4 and Art. 55 BVV2).
04
Pension funds with professional treasury operations qualify as qualified investors under the Collective Investment Schemes Act, giving them access to collective investment schemes for qualified investors (Art. 10 CISA).
Sources: BSV · fedlex
Frequently asked questions about Pension Fund Services & Institutional
Pension Fund Services address institutional investors: pension funds, collective and common foundations, investment foundations as well as other foundations and qualified investors. Under a discretionary mandate, Everon handles the implementation of the investment strategy, while strategic responsibility remains with the institution's governing body.
The leadership responsibility for asset management lies with the pension fund's governing body, the board of trustees. It sets the objectives, principles and organisation in an investment policy and oversees implementation (Art. 49a BVV2). An external wealth manager operates within that policy and the agreed investment strategy.
Occupational pension provision requires security in meeting pension obligations and an appropriate spread of risk across asset classes, regions and economic sectors (Art. 50 BVV2). The BVV2 also sets limits per asset category (Art. 55 BVV2). Extensions are possible under conditions where the institution demonstrates compliance with the principles.
The starting point is the investment strategy and investment policy defined by the governing body. On that basis, a discretionary mandate is agreed with investment guidelines, a benchmark and reporting. Everon implements the strategy within these parameters. Past performance is not an indicator of future returns.
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