Details of the operating statement of occupational pension schemes

Occupational pension schemes in Switzerland, also referred to as the second pension pillar, are governed by the Federal Act on Occupational Old Age, Survivors’ and Invalidity Pension Provision (OPA). Pension schemes covered by this law are permitted to hand over to private life insurers all or part of the capital management and the risks which they are unable or unwilling to bear themselves. These OPA or group life insurers are subject to supervision by FINMA as private life insurance companies. They

• manage approximately one fifth of all the capital in pension schemes,
• insure just under half of the active insured persons in Switzerland, and
• provide pensions for nearly a quarter of pensioners.

The information and data on second-pillar activity in Switzerland published annually by FINMA aims to ensure the transparency of this important sector and positively influence the conduct of private insurers. Until the 2018 reporting period, transparency reports and disclosure tables were published for this purpose. Since the 2019 reporting period, the details of the operating statement of occupational pension schemes are included directly in the insurance market report.

In addition, FINMA is continuing to publish the disclosure table as well as new illustrations of the operating statement of occupational pension schemes on this page. These indicators highlight the strengths and weaknesses of market participants and permit performance comparisons. This is beneficial for companies requiring pension coverage and their employees.