2019 Annual Report and financial situation of the Pension Fund

2019 Annual Report

In 2019, the Pension Fund of Credit Suisse Group (Switzerland) profited from the good returns on the capital markets and as of the end of 2019 had achieved one of the best performances in its history of 11.3% (previous year: -2.2%). There was a marked increase in the coverage ratio from 112.1% to 116.4%. The total assets of the Pension Fund of Credit Suisse Group (Switzerland) increased by CHF 1.5 billion to CHF 17.9 billion.

As of the end of December 2019, 17,736 active employees were insured with the Pension Fund, which is 113 more than the previous year. The number of pension recipients decreased slightly by 86 to 11,227.

For further information on the annual results, please see the abridged or full version of the 2019 Annual Report of the Pension Fund of Credit Suisse Group (Switzerland). The reports can be found on the Pension Fund website in the <link en download>Download section.

Information on the current financial situation

From the beginning of the year to March 31, 2020, the Pension Fund has posted an estimated performance of -7.7%. The coverage ratio is 107.4%. The Pension Fund has weathered the recent turbulent times well. This is due in particular to the strong starting point, i.e. excellent performance in 2019, a broadly diversified focus on various drivers of return, and fully formed reserves for fluctuations in asset value.