News

29 December 2011
News

2011 financial reporting on occupational pension schemes

Private life insurers in Switzerland have received instructions for preparing the data for the 2011 financial report on occupational pension schemes. They now have until 30 April 2012 to report to FINMA on their activities in group occupational pension schemes in 2011. The key data and results of the 2011 financial report are to be communicated to the insured pension funds and collective insurance schemes and the persons they insure by 31 May 2012. In order to increase transparency, expenditure on advertising and marketing must now be shown separately. Expenditure relating to the processing of benefits must be consistently assigned to the risk process.