The pension funds recorded higher yields and the coverage ratio rose to above 100%.
Swiss pension funds managed to end the past year with a slight increase in their returns, despite a turbulent year marked by the coronavirus pandemic and the collapse of the markets in early 2020, consulting firm Willis Tower Watson said on Wednesday. in its quarterly study.
According to the barometer established by the Zurich company, pension funds recorded a 3% increase in yields and the coverage rate (ratio between assets and bonds) increased by 4.6 percentage points to 104.7% at the end of December, according to a statement.
This good performance is due to the recovery of the equity markets, which were reassured by the election of Joe Biden to the US presidential election, the pursuit of ultra-accommodating monetary policies by central banks, the start of anti-Covid vaccination campaigns. and the Brexit resolution, specialists from Willis Tower Watson said.