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Preface 2025
Preface 2025
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Preface 2025
  • Key figures
  • Jahresbericht 2025de
  • Preface 2025
  • Jahresbericht 2024de
  • Preface 2024
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Table of contents for the Preface 2025 report

Preface
Financial situationInterest on retirement savingsParticipation of pension recipients in investment income
1. Adjustment of current pensions for inflation (inflation adjustment)2. One-off payments
Amendment of Pension Fund regulationsSustainable investmentNew accredited pension actuaryPersonnel changes in the Foundation Counsil and in the Investment CommitteeOutlookThank you
Important key figuresAssets
Financial markets in 2025Management of plan assetsChanges to investmentsComposition of investments as at 31 December 2025Overview of investment performanceSustainability reportOutlook for the reporting year 2026
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Assets

In the reporting year 2025, inflation and monetary policy eased notably, while US trade policy and the geopolitical situation fueled market uncertainty. Central banks reduced policy rates. Long-term rates in Swiss francs fluctuated sideways amid volatility, while those in US dollars fell slightly. comPlan achieved a return on total assets of +6.1% in the 2025 financial year (previous year: +6.9%). The largest return contributor were equities.