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Preface 2025
Preface 2025
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Preface 2025
  • Key figures
  • Jahresbericht 2025de
  • Preface 2025
  • Jahresbericht 2024de
  • Preface 2024
  • Index
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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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Man­age­ment of plan assets

The management of the pension assets is guided exclusively by the interests of the insured members. The governing bodies of comPlan pursue the following goals:

  • To achieve long-term earnings under consideration of risk capacity and risk-taking
  • To fulfil financial obligations in a timely manner at all times
  • To ensure the nominal and where possible, real value retention of pension funds

The Foundation Counsil determines the investment strategy with cor­re­spond­ing ranges as part of a com­pre­hen­sive asset and liability study in order to ensure that the above objectives are achieved as effectively as possible. The counsil assigns the Investment Commission and the ad­min­is­tra­tive office with the im­ple­men­ta­tion of the strategy. The portfolio management of the pension assets is carried out by external specialists. The investment team and the independent investment controller, together with the global custodian, con­tin­u­ously monitor the asset de­vel­op­ment and investment returns of all mandates. They regularly prepare reports with rec­om­men­da­tions for action for the attention of the Foundation Counsil and the Investment Committee.