According to a report in the industry press, the Swiss government has ruled out introducing totally free choice into the country's second pillar, or occupational, pensions scheme.
Investment and Pensions Europe’s (IPE) online edition reports that the Swiss have been evaluating a number of different models for the reform of the occupational pensions system, including total individual choice with no link whatsoever to the employer.
Two expert reports have been published weighing up the options, with a path toward partial consumer choice looking more likely to be adopted, IPE’s report says.
The Federal Council estimates that free choice currently does not constitute a desirable evolution of the second pillar, the report cites the government as saying.