PF – Pension capital savings PF 2 – Retirement capital savings

2021 Annual Report

Pension Fund 2 of Credit Suisse Group (Switzerland)

2021 Annual Report

Pension Fund 2 of Credit Suisse Group (Switzerland)

As of December 31, 2021

Key figures

Total assets (CHF)

786 mn

Active participants’ liabilities (CHF)

752.7 mn

Number of active participants

9,505

Balance sheet

2021 2020
CHF CHF
Total assets 786 568
Active participants’ liabilities 753 542
Actuarial provisions 10 10
Reserve for fluctuations in asset value
Termination benefits and pensions 11 2
Operative account 2021 2020
CHF CHF
Employee contributions 68 68
Employer contributions 113 113
Purchase amounts 45 48
Net return on investments 52 21
Termination benefits on leaving the Pension Fund 50 20
Lump-sum payments on retirement 9 3

Performance

After some difficult periods over the last year, the performance of the Mixta vehicles ultimately recovered.

Performance of the Mixta vehicles in 2021

Investments 2021 2020
% %*
CSA Low-Risk Strategy CHF G 0.73 -0.54
CSA Mixta-BVG 15 G 4.63 3.24
CSA 2 Mixta-BVG 25 G 5.94 2.87
CSA 2 Mixta-BVG 35 G 8 3.48
CSA 2 Mixta-BVG 45 G 10.24 3.96
CSA 2 Mixta-BVG 75 G 18.22 8.38
* 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 99,957,250 3,952
CSA Mixta-BVG 15 G 66,101,654 676
CSA 2 Mixta-BVG 25 G 94,691,417 921
CSA 2 Mixta-BVG 35 G 168,334,339 1,237
CSA 2 Mixta-BVG 45 G 163,182,692 1,137
CSA 2 Mixta-BVG 75 G 151,345,532 1,582
Total 743,612,884 9,505

Portfolio investments – breakdown in CHF

Portfolio investments – breakdown by number of insured participants invested

Number of active participants

Approx. 53% of active participants in the Pension Fund are also insured with Pension Fund 2.

Number of insured participants as of December 31, 2021

Active participants Pension Fund
17,893
Active participants Pension Fund 2
9,505
2021 2020
Active participants Pension Fund 17,844 17,893
Active participants Pension Fund 2 9,505 9,493

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, 2021

2021 2020
Men 7,163 7,203
Women 2,342 2,290
Total number of acitve participants 9,505 9,493