Author : Emanuel Moya
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (18 download)
Book Synopsis The State of the Second Pillar in Light of Its Current and Future Challenges by : Emanuel Moya
Download or read book The State of the Second Pillar in Light of Its Current and Future Challenges written by Emanuel Moya and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assessed the necessity of reforms in the second pillar of the Swiss pension system and derived recommendations for its stakeholders. The approach was a qualitative analysis of interviews conducted with second pillar experts and politicians of the Federal Assembly, complemented by a literature review and calculations. The evaluation of the financial state of the second pillar showed that the current state is sound, yet, that reforms must be undertaken. The analysis of the risk-return structure of the second pillar revealed that it has a substantially higher volatility for a similar return as compared to a BVG benchmark portfolio. The conclusion of the part on redistribution was that it is the purpose of pension funds to allow a collective of individuals to pool their insurance and financial market risks, however, not to transfer funds from active contributors to retirees. To increase the understanding of reforms of the pension system among the electorate, the awareness of financial topics must be raised by schools, employers and politicians. The paper concludes with the finding that liberalizing and depoliticizing the second pillar is critical to its future.