With over 191,000 insureds at more than 39,000 insured companies, the AXA Foundation for Occupational Benefits is the largest semi-autonomous collective foundation in Switzerland. It provides secure occupational benefits (retirement, survivors’ and disability benefits) for affiliated companies and manages assets totaling over CHF 29 billion. The Professional Invest solution from the AXA Foundation for Occupational Benefits provides benefits for insureds that go well beyond the minimum legal requirements in some cases.
The AXA Foundation for Occupational Benefits has a long and successful history. The foundation was established on June 8, 1984 as the “Winterthur” Foundation for mandatory occupational benefits to offer companies a solution for obligatory occupational pension insurance. Until the end of 2018, it was run as a full-value insurance foundation. It became a semi-autonomous foundation on January 1, 2019. Since then, the AXA Foundation for Occupational Benefits has borne the responsibility for investing its assets and has provided retirement and surviving dependents’ benefits independently. This solution offers the potential for better investment returns, higher interest on the retirement assets, and therefore higher benefits in old age and higher vested benefits – with a high level of security, as before. Employers and their employees benefit from a far better cost-benefit ratio because they pay lower risk contributions for their pension solution.
For the AXA Foundation for Occupational Benefits, financial stability is essential to guaranteeing added value for its insured members. It aims to achieve attractive rates of interest for pension assets and a price/performance ratio in line with the market. Stability of the assets and offering insureds an attractive return are particularly important to us.
The Board of Trustees has defined five strategic areas of focus:
Interested in finding out more about the AXA Foundation for Occupational Benefits? All the documents and key figures on the Foundation and the Professional Invest are available here.
The Board of Trustees is the supreme governing body and carries responsibility in the AXA Foundation for Occupational Benefits. It determines and monitors the strategy, is responsible for managing the investments, and also ensures the foundation's sustainable approach and independence. The prime focus is its obligations to beneficiaries.
The Board of Trustees has entrusted AXA Life Ltd. with the management of the foundation. AXA Life Ltd. is responsible for the operational management and implementation of the investment strategy and guarantees direct and transparent communication with beneficiaries and companies.
The Board of Trustees comprises eight members. It has an equal number of employee and employer representatives. Elections to the Board of Trustees are held every four years.
For the present term of office from January 1, 2021 to December 31, 2024 the eight members of the Board of Trustees are:
The Investment Committee is responsible for realizing the long-term investment strategy set by the Board of Trustees. It monitors liquidity and the investment plan and drafts the investment rules.
The Liability Committee monitors the Foundation's financial situation and development to ensure that its obligations in respect of its insured members are met at all times.
The Governance Committee oversees the statutory, regulatory and contractual conditions, for example, the expediency of the organization and the management.
The management is responsible for the operational management of the foundation, advises the Board of Trustees on strategic issues, and bears the responsibility for implementing the decisions of the Board of Trustees. It comprises two members appointed by the Board of Trustees.