The Liechtenstein Financial Market Authority published its occupational pension report for 2025, showing that pension funds earned an average investment return of 6.4% and improved their funding position. Returns fell from 7.5% in 2024 but exceeded the average for the past 10 years. The average funding ratio rose to 116.1% at the end of 2025 from 113.1% a year earlier. The country’s 15 pension funds covered approximately 45,300 active participants and pension recipients. The number of pension recipients increased by 3.1% to approximately 6,900. Insured persons’ savings balances earned average interest of 3.55%, up from 3.38% in 2024. Funds collected approximately CHF 709.0 million in contributions and paid approximately CHF 328.9 million in statutory benefits. The average pension conversion rate stood at 5.4% at year-end. The report also reviews the government’s proposal to strengthen occupational retirement provision, released for public comment in summer 2026. The proposal implements key measures from the retirement strategy adopted in December 2023, addressing the second pillar’s long-term viability and its adaptation to demographic, economic and social changes.
Liechtenstein Financial Market Authority reports 6.4% pension fund returns and higher funding ratios for 2025
The Liechtenstein Financial Market Authority’s 2025 occupational pension report shows average investment returns of 6.4%, down from 7.5% in 2024 but above the 10-year average. The average funding ratio increased to 116.1% from 113.1%, while interest credited to insured persons’ savings rose to 3.55%. The report also reviews the government’s proposal, released for public comment in summer 2026, to strengthen occupational retirement provision.