Switzerland raises concerns over handing pension fund management to US banks
For all intents and purposes, the funds appear to have been well-placed, yielding a return of 7.33% last year, thanks to positions in bonds, equities, oil and gold. Compenswiss, an independent public body that manages the assets (46.1 billion Swiss francs, or 48.9 billion euros) of Swiss social security insurers, has been pleased. “At the end of 2024, all asset classes were clearly in positive territory,” said institution director Eric Breval three weeks ago, while presenting its annual results. All running surpluses, the three main social security funds − AVS, AI and APG, which distribute retirement and disability pensions, as well as benefits in the event of loss of income due to illness − have never had anything to worry about.
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