In Switzerland, the importance of collective foundations has increased significantly in recent years. Swisscanto Pensions Ltd. decided, therefore, in 2009 to establish the Swisscanto Flex Collective Foundation of the Cantonal Banks in order to offer a mandatory and/or non-mandatory pension solution. Compared to other occupational pension schemes, it is, therefore, still a young fund. The Flex part of the name reflects an aspect of the programme and promises greater flexibility, individuality and participation in the pension fund solution.
- On 1 July 2020, Zürcher Kantonalbank sold the pension business to PFS Pension Fund Services AG. By merging the OPA administration business of Swisscanto Pensions Ltd. and PFS Pension Fund Services AG, economies of scale can be realised and, with around 80 employees, a leading provider in the market has been created, which counts 60 pension schemes with over 65,000 beneficiaries and pension assets of CHF 15 billion among its customers.
- Since 2018: The Swisscanto Flex Collective Foundation has been a member of the Inter-Pension interest group and has accordingly followed the revolving door principle of the Swiss Insurance Association (SIA).
- Since 2017: The congruent reinsurance has been abandoned in order to take the step towards autonomy with a combination of stop-loss and excess-of-loss insurance.
- Until 2016: The Swisscanto Flex Collective Foundation has congruent reinsurance for the risks of death and disability.
This excellent growth confirms that our Collective Foundation scheme meets the needs of many companies. Their preferred pension schemes can be implemented in a customised manner.