Higher investment returns and coverage ratios: Report on the development of pension funds in 2024 published

The year 2024 was characterized by a persistently stable economic situation, moderate inflation and a cautious monetary policy stance in many regions. These conditions had a favorable impact on the capital markets and led to noticeably better investment returns and higher coverage ratios for pension funds. With an average return of 7.5 %, 2024 was the second-best investment year of the past ten years. The highest return achieved by a pension fund was 10.2 % and the minimum return was 5.6 %.

The pleasing trend in the previous year's coverage ratio continued in 2024. The average coverage ratio rose to 113.1 % at the end of 2024. At the end of 2024, none of the pension funds had a funding ratio of less than 100 %, with the lowest funding ratio at 101.2 % and the highest at 122.2 %. Looking at the development over several years, the funding ratios have remained comparatively constant since 2014. The pension conversion rate averaged 5.6% at the end of 2024.

The Liechtenstein pension funds insure around 45,300 active insured persons and pension recipients. The number of pension recipients rose by 4.2% compared to the previous year to almost 6 700 people. The insured persons' savings capital earned an average interest rate of 3.38% in 2024, which was significantly higher than in the previous year. In total, the 15 pension funds paid out regulatory benefits of around CHF 324 million in 2024 and received contributions from employers and employees amounting to CHF 552 million.

The total assets of the pension funds in Liechtenstein amounted to CHF 9.22 billion at the end of 2024, corresponding to around 123% of gross domestic product. In addition, an amount of CHF 598.6 million was held in vested benefits accounts with Liechtenstein banks at the end of 2024.

This content has been translated using a fully automated machine translation tool. Some content may not be accurately translated. More information.