As a responsible pension fund, our primary objective is to successfully and securely invest the pension assets entrusted to us over the long term. We also focus on keeping risks as low as possible and monitoring them on an ongoing basis.  

Thanks to our many years of experience in proactive risk management, we can be certain that the pension assets of around CHF 2.1 billion that we manage are broadly invested. This means investments are not closely dependent on the circumstances of individual companies. In terms of total assets, Credit Suisse positions amount as of 17.3.2023 to around CHF 7 million or 0.3%. All liquidity accounts are always kept to a minimum in order to reduce counterparty risk with Credit Suisse as much as possible.  

Livica has had a close business relationship with Credit Suisse for years. Together with UBS, it is a major asset manager and a reliable custodian (global custodian). It is important to keep a cool head in the face of this situation. Due to the risk management that has been carried out to date, there is no reason to take hasty action.  

The planned takeover of Credit Suisse by UBS will reduce Credit Suisse’s default risk in the short term. Accordingly, no immediate measures are required for diversified investors. It can be assumed that the Swiss Confederation, the SNB and the participating banks have a strong interest in a successful transaction.  

The Foundation Board and Executive Board are closely following developments and assessing the situation on an ongoing basis.
Liquidity and assets are secured, and pension benefits and pensions can be paid out at any time.