1e retirement capital savings: Transfer Agreement and limited investment horizon
1e retirement capital savings will be transferred to the pension capital savings pot of the Pension Fund of Credit Suisse Group (Switzerland) on 1 January 2027.
ATIOZ, Zurich, (the competent Office for Occupational Insurance and Foundations) conducted a preliminary review of the approach and deemed it approvable in principle. Some of the key provisions include:
- Pension benefits provided in the event of disability and for survivors remain unchanged at the same amount and the same scope.
- The retirement assets in 1e retirement capital savings will be transferred to pension capital savings on 1 January 2027, where they will start to earn interest from that date onward.
- Costs incurred in connection with the transfer will not be charged to insured participants, rather borne by existing employer contribution reserves. Remaining provisions will likewise be transferred and strengthen the reserves.
As previously communicated, the Pension Fund of Credit Suisse will harmonize its pension model to that of the Pension Fund of UBS on 1 January 2027 and adopt its regulations. The two pension funds will remain separate, independent foundations. The participant portfolios cannot be merged until 2028 or later.
For insured participants in 1e retirement capital savings
Limited investment horizon
The investment horizon for 1e retirement capital savings ends on 30 November 2026. Please review your current investment strategy. You can make adjustments at any time up to and including 22 November 2026 in the MyPension portal. If you have any problems related to MyPension, please contact: support.mypension@cluttermypension.ch.- Lock-out period
You will still be exposed to financial market fluctuations during the period between the implementation of your latest investment strategy in November and the liquidation of the investment strategy sometime in December 2026. If you want to hedge against potential price fluctuations, a defensive investment strategy with a low equity weighting could make sense. Please see our website for details about the eight investment strategies.