Overview of investment performance
In the reporting year 2025, comPlan reached a investment return of +6.1%. Over the last five years, an average annual return of +3.5% was achieved (see chart for detailed performance figures). This exceeded the target return for this period. The portion of the return that exceeded the target return was used to build up the investment fluctuation reserve. On average, the retirement savings of active insured members earned 3.6% interest per annum over the last five years, which roughly corresponds to the return achieved. The positive investment result in 2025 led to an increase in the investment fluctuation reserve and the coverage ratio. The target coverage ratio of 118.0%, designed to secure longterm pension liabilities, was thereby achieved.
Ten asset categories made a positive return contribution, while two made a negative one. The largest positive contribution came from the global equities, Swiss equities, and Swiss real estate asset categories. Swiss and global government bonds detracted from performance. Compared to the comPlan-specific strategy benchmark, this resulted in an outperformance of +0.7%. The main reasons for this return advantage in 2025 were the investment categories Global Equities and Swiss Real Estate, which exceeded their respective benchmarks.