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People insured by pension funds are paying more and more contributions to the financial industry – now about 4,500 francs per capita per year.
Those who suffer have no choice: they must pay. And the politicians in the federal parliament are doing nothing to fight cost-push inflation, because the powerful banking and insurance lobby in Bern is doing a great job.
Interesting industry policy stands, their profits are huge. Every year about 20 billion francs flows from the pension fund into the treasury of financial service providers.
But this may end soon. Because now the mandatory pension system is under pressure.
The movement is coming from the industry itself – and it borders on revolution: Financial services provider Admicasa is cutting much of its management fees and replacing them with management fees, significantly reducing costs for the insured.
Thus, the financial sector is in turmoil. Because now there is real competition: pension funds that are serious about the interests of their insured suddenly have a choice.
It’s nice. Because lower fees mean higher pensions.
Source: Blick
I am David Miller, a highly experienced news reporter and author for 24 Instant News. I specialize in opinion pieces and have written extensively on current events, politics, social issues, and more. My writing has been featured in major publications such as The New York Times, The Guardian, and BBC News. I strive to be fair-minded while also producing thought-provoking content that encourages readers to engage with the topics I discuss.
