2020 Annual Report
Pension Fund 2 of Credit Suisse Group (Switzerland)
2020 Annual Report
Pension Fund 2 of Credit Suisse Group (Switzerland)
As of December 31, 2020
Key figures
Total assets (CHF)
567.9 mn
Active participants’ liabilities (CHF)
541.7 mn
Number of insured participants
9,493
Balance sheet
| 2020 | 2019 | |
|---|---|---|
| CHF | CHF | |
| Total assets | 567,935,775 | 525,130 |
| Active participants’ liabilities | 541,667,647 | – |
| Actuarial provisions | 9,634,000 | – |
| Reserve for fluctuations in asset value | – | – |
| Termination benefits and pensions | 2,127,841 | – |
| Operative account | 2020 | 2019 |
|---|---|---|
| CHF | CHF | |
| Employee contributions | 67,782,040 | – |
| Employer contributions | 112,653,287 | – |
| Purchase amounts | 47,705,826 | – |
| Net return on investments | 21,436,108 | 3,682 |
| Termination benefits on leaving the Pension Fund | 19,787,253 | – |
| Lump-sum payments on retirement | 3,062,167 | – |
Performance
After some difficult periods over the last year, the performance of the Mixta vehicles finally recovered.
Performance of the Mixta vehicles in 2020
| Investments | 2020 | 2019 | |
|---|---|---|---|
| % | %* | ||
| CSA Low-Risk Strategy CHF G | -0.54 | -0.45 | |
| CSA Mixta-BVG 15 G | 3.24 | 3.53 | |
| CSA 2 Mixta-BVG 25 G | 2.87 | 3.76 | |
| CSA 2 Mixta-BVG 35 G | 3.48 | 4.82 | |
| CSA 2 Mixta-BVG 45 G | 3.96 | 5.82 | |
| CSA 2 Mixta-BVG 75 G | 8.38 | 10.19 | |
| Performance since unit class G was launched on May 31, 2019. | |||
The individual performance of the investment vehicles of insured participants may differ from the figures shown here as a result of capital inflows and outflows.
Portfolio investments
| Investments | CHF | Number of insured participants invested | |
|---|---|---|---|
| CSA Low-Risk Strategy CHF G | 67,103,701 | 3,586 | |
| CSA Mixta-BVG 15 G | 61,126,020 | 698 | |
| CSA 2 Mixta-BVG 25 G | 79,585,238 | 975 | |
| CSA 2 Mixta-BVG 35 G | 114,600,618 | 1,214 | |
| CSA 2 Mixta-BVG 45 G | 114,878,433 | 1,109 | |
| CSA 2 Mixta-BVG 75 G | 95,180,851 | 1,363 | |
| Total | 532,474,861 | 8,945 |
Portfolio investments – share according to CHF
Portfolio investments – share according to number of insured participants invested
Number of insured participants
Some 53% of active participants in the Pension Fund are also insured with Pension Fund 2.
Number of insured participants as of December 31, 2020
| 2020 | 2019 | |
|---|---|---|
| Active participants Pension Fund | 17,893 | 17,736 |
| Active participants Pension Fund 2 | 9,493 | 0 |
Active participants
The largest age category, comprising 3,435 active participants, is that of participants between 45 and 54 years old.
Age category as of December 31, 2020
| 2020 | ||
|---|---|---|
| Men | 7,203 | |
| Women | 2,290 | |
| Total number of acitve participants | 9,493 |