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Industrialized countries are more than ever faced with challenges of an increasing life expectancy and a bigger proportion of elderly population cohort. Switzerland has a highly regarded three-pillar social security system providing comfortable pension income for retirement. While the second pillar is based on a capital accumulation system and should in principle not be affected by population dynamics, the politically high guaranteed benefits led to the situation of significant transfer payments from the active working generation to retirees. Individuals will have to be prepared to live longer, to be ready to accept a flexible retirement age, work longer, contribute more to their pension plans and take on more responsibility for their financial future. This book investigates the challenges pension funds face today and which measures have to be implemented in order to ensure stable pension funds and pension incomes for retirees in the future. The analysis is based on expert interviews with industry leaders, pension funds, regulators, and insurance companies. The book also provides recommendations for the younger generation born between 1970 and 1990 on how to prepare to enjoy a wealthy retirement when they retire.

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The author holds a master´s degree in Banking and Finance from the University of St. Gallen, a top-ranked master´s program. Mischa Delpy works as a consultant in the financial industry in Zurich.

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