The Liechtenstein Financial Market Authority (FMA) has published its report on occupational pension provisions. This revealed that pension funds in Liechtenstein achieved an average investment return of 6.6 per cent in 2017. In the previous year, the return was a much lower 3.2 per cent. The interest paid on the savings capital of the active insured amounted to 1.5 per cent, up from 1.3 per cent in the previous year. The average annuity conversion rate for pension funds was 5.8 per cent (previous year: 5.9 per cent).
The coverage ratio of pension funds has also improved, with the average increasing from 105.3 per cent in the previous year to 111.1 per cent. The highest ratio was 126.6 per cent. Only one pension fund had a coverage shortfall of 98.8 per cent.
The FMA was the supervisory authority for 19 pension funds in 2017. As at the end of 2017, these insured a total of 40,866 people. The number of pensioners has increased more than that of active insured.
Overall, the total assets of pension funds amounted to 6.66 billion Swiss francs at the end of 2017. This corresponds to 109 per cent of gross domestic product, which reflects the high economic significance of occupational pension provisions, according to the FMA.