Switzerland's hidden dangers

With severe funding problems on a market-consistent basis, and a reputation for weak governance, are Swiss pension funds in crisis? Blake Evans-Pritchard reports

Talk of a Swiss occupational pensions crisis is not new. The funds, known as pensionskasse, suffered during the turbulent years in the equity markets at the start of the century - so much so that 40% of occupational pensions did not have sufficient money to fund their liabilities at the end of 2002, according to the Association Suisse des Institutions de Prevoyance (ASIP), the industry association