Thanks largely to a strong performance by equity markets, Swiss pension funds finished 2005 with a return of between 9% and 12%, according to Complementa, a Swiss investment consultant.  Complementa’s estimate is more or less in line with the expectations of ASIP, the Swiss pension fund industry association.  Following an average return on assets of 6.2% for Swiss pension funds in the first half, ASIP predicted a return of around 12% for all of 2005. All told, Swiss pension funds have €320bn in assets.  But Michael Brandenberger, chief operating officer at Complementa in St Gallen, told IPE: “The performance of various pension schemes should always be compared taking into account the schemes’ strategic asset allocation and funding ratio”.
Investment & Pensions Europe –