Stock market boom boosts Swiss pension funding levels

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SWITZERLAND - The funding levels of Swiss pension funds continued to recover in the last three months of 2009 as the stock market rally refused to fizzle, a survey showed.

The average asset-weighted coverage ratio increased over the quarter to 98.3%, up from 97.7% in the previous three months, according to the Swisscanto Pension Funds Monitor. A year earlier, fund...

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