Swiss corporates post over 20% drop in pension liabilities so far this year
Liabilities at Swiss companies’ pension schemes have continued to fall in the second quarter of 2022, leading to an overall decrease of over 20% since the beginning of the year, according to the latest quarterly Swiss Pension Finance Watch published by WTW.
Pension liabilities on companies’ balance sheets have reached their lowest level in nine years in the second quarter of this year, WTW added. In Q1 liabilities dropped by over 12%.
The decrease in the two quarters was caused by rising discount rates and corporate bond yields, WTW explained. Corporate bond yields increased by around 90bps over the last quarter, the same increase posted during the first quarter of this year.
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