Investment & Pensions Europe (IPE), 16 May 2019
The equity market downturn in the last quarter of 2018 left many Swiss pension funds with major dents to their funding levels. On average the funding ratio of Swiss schemes fell to 102.7%, from 108% at year-end 2017, according to sample calculations by consultancy Complementa.
In its annual “risk check-up” analysis of the market, the company highlighted that returns in the first few months of 2019 “more than made up” for the previous quarter’s losses. A return of 6.5% between January and the end of April brought the average funding level back up to 108.5%.
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