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Brochure: Pictet Vested Benefits Foundation


Performances of our portfolios

Pictet Vested Benefits Foundation

You can now choose to allocate your vested benefit assets across four different investment portfolios. You are therefore free to decide on your own investment strategy, depending on your investment objectives and your own personal circumstances. You can also adjust the allocation of your capital at any time and/or temporarily not invest part or all of your vested benefits assets.

 

Vested benefits

When a beneficiary leaves a pension fund before becoming entitled to pension benefits (i.e. the right to draw benefits upon reaching retirement age, or upon death or invalidity), they are entitled to receive their vested benefits.

 

The pension fund's regulations determine the amount of the exit payment.


Why open a vested benefits accounts

The following are the situations in which you are required to open a vested benefits account:

 

  • if you change occupational pension schemes and your vested benefits are not transferred to your new employer in their entirety
  • if you stop working temporarily
  • if you become self-employed
  • if you get divorced or your civil partnership is dissolved
  • if you are no longer legally obliged to have pension cover
  • if you leave Switzerland for good.

Characteristics of the Foundation

The Pictet Vested Benefits Foundation (2nd Pillar) is a banking foundation that enjoys the tax exemptions made for 2nd Pillar pension schemes.

 

The Foundation was created on 1 January 1989 for the purpose of managing individuals’ vested benefit assets amassed under the so-called “2nd Pillar” of the Swiss pension and social security system. The net assets of the Foundation are made up of different investment portfolios, each one being independent and non-consolidated with respect to the others, as well as of the non-invested assets of the beneficiaries.

 

Through professional management and by taking advantage of all the investment possibilities allowed under Swiss law, the Foundation seeks to achieve higher long-term returns than accounts offering a preferential rate of interest.

 

The Foundation enables overall management of all the vested benefits capital and offers the following advantages:

 

  • reduced fees
  • a greater possibility for diversification (because of larger sums available)
  • less overall risk as a result.

 

The Foundation is registered with HMRC (HM Revenue & Customs) as a QROPS (Qualified Recognised Overseas Pension Scheme), and is therefore entitled to receive assets from UK pension funds.


The portfolios

The Pictet Vested Benefits Foundation allows you to invest your capital in the four investment portfolios listed below in the proportions that you choose. You may also decide temporarily not to invest part or all of your pension assets.

 

  • "LPP/BVG-Short-Mid Term Bonds",
  • "LPP/BVG-Bonds",
  • "LPP/BVG-25",
  • "LPP/BVG-40".

How to choose a portfolio

We offer four portfolios, each based on a particular investment strategy: security, return, growth and dynamism. They also differ from one another in terms of the level of risk (higher or lower risk) and the performance outlook.