Reports from Switzerland suggest the government is set to unveil a raft of proposals to reform the country's pension provision.

Investment and Pensions Europe reports that the measures put forward by the Berne government include reducing the amount of funds kept in the Swiss state pension reserve, and leveling the retirement age for men and women.

The government also plans to axe pension contribution breaks enjoyed by retired people in employment, worth up to E900 per person. However it has announced proposals for an interim state pension for low-paid workers aged between 62 years and 65. Currently, women in Switzerland may retire at 62 but this is likely to be increased to 65, in line with men.

The Swiss social security agency hopes that by 2020, the changes will have saved up to CHF300 million in government expenditure. The proposed reforms have gone before the Swiss parliament for further discussion.