SWITZERLAND - Bruno Gehrig, chairman of insurance group Swiss Life has praised the government's recent decision to cut the minimum pension fund return rate to 2.25%, according to an interview with Swiss Sunday paper, SonntagsZeitung.
But Gehrig warned that the insurance group, which previously announced 1,500 job cuts, would have to improve earnings since the capital base is too thin. In the interview, Gehrig admitted that the...
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