SWITZERLAND - The Swiss government decision to lower the minimum interest rates for pension funds has been criticised by consultants who say that this could lead to "sub-optimal investment results."
After 17 years of maintaining the minimum interest rate at 4%, in July 2002, this rate was dropped to 3.25% and in May 2003, after three years of underperforming markets, the BVG Commission recomme...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
