Capital markets, and equity markets especially, are regularly subject to fluctuations. Experience has shown that – precisely in such turbulent times – it is best to keep a calm head and avoid hasty reactions. It is much more important to keep a clear view of the long-term investment strategy, ensuring a balance between the Foundation’s pension liabilities and investments at all times.
In the semi-autonomous pension model, a certain temporary underfunding is possible without there being any need to take immediate remedial action. This offers considerably more flexibility for dealing with fluctuations in the capital market. It is only when the underfunding is relevant and protracted that restructuring measures have to be considered.
Underfunding as defined in Art. 44 BVV 2/OPO 2 is deemed to apply when the coverage rate determined in accordance with BVV 2/OPO 2 is below 100% as at the respective reference date. Where underfunding is minimal, it can be assumed that – with a sound investment strategy well matched to the occupational benefits institution’s capacity for risk when it was put in place – a coverage rate of over 100% will be restored over the medium term.
We are keeping a close eye on the situation and supporting the Board of Trustees in its key decision-making processes.
Key figures of Columna Collective Foundation Group Invest
Performance trend of Columna Collective Foundation Group Invest
The Board of Trustees of the Columna Collective Foundation Group Invest is composed of the following members:
We use cookies and analysis tools to improve your user experience, to personalize advertising by AXA and our advertising partner companies, and to provide social media functions. Unfortunately you cannot change your cookie settings via our Cookie Preference Center if you use Internet Explorer 11. If you would like to change your settings, please use an up-to-date browser. By using our website with this browser, you consent to the use of cookies.