September 2017

Switzerland. Pensions 2020 is a reform in name only

The original primary goal of the reform was to maintain the level of support offered by our pensions system. With support from the government, parliament reformulated this goal and – with a wafer-thin majority – pushed through a reform that expands old age pensions instead of restructuring it. Pensions 2020 has degenerated into an unfair, superficial reform that makes a mockery of the inter-generational contract. The reform of the old age and disability pension is unfair, because it leads two...

August 2017

Ageing population keeps Swiss millennials up at night

Switzerland’s ageing population is the most serious issue facing the country today, followed by inequality and climate change, according to Swiss millennials who took part in a survey conducted by the World Economic Forum’s (WEF) Global Shapers community. Around 63% of Swiss people aged 18-35 believe the ageing population is the most serious problem affecting the small alpine nation right now, followed by inequality (51%), climate change (38%) and loss of privacy (34%), the WEF reported on Monday. The third edition...

Switzerland. ‘If nothing changes, the young will pay twice’

Will Interior Minister Alain Berset be able to convince voters to back reforms of the old-age pension scheme? Interviewed by swissinfo.ch at the recent Congress of the Swiss Abroad in Basel, he discusses young people, women and billionaires. Faced with an aging population, reduced economic growth and low interest rates, the government and a parliamentary majority are calling for a sweeping reform of the old-age social security system to ensure that pensions can still be paid for in years to...

July 2017

Swiss Pension Fund Buys Bank

A first in Swiss banking: a pension fund is buying up a private bank in Switzerland with a view to creating a pension-focused bank. It stands out among the raft of recent deals in Switzerland: Tellco Vorsorge in central Switzerland is buying Zurich-based Dominick Private Bank. Together, they will become Switzerland's first pension-focused bank, the two said in a statement on Tuesday. While consolidation has been rife among private banks in recent years, the move marks the first time a pension...