80% of Swiss private schemes are fully funded

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SWITZERLAND - Over 80% of Swiss private pension funds stated a cover ratio of 100% or more at the end of last year, the Swisscanto Pension Funds Survey 2010 found.

The average, asset-weighted cover ratio of these schemes grew to 103%, from 97% at the end of 2008. However, Swisscanto said only 10% have adequate reserves. It said: "Since the beginning of the...

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Giovanni Legorano

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