Liechtenstein Financial Market Authority (FMA) published its brochure on occupational pension provision for the 2024 reporting year, setting out key indicators for the second pillar of the Liechtenstein pension system. The report highlights markedly improved investment performance and higher coverage ratios across pension funds, with no fund reporting a funding ratio below 100% at year-end. Average investment return in 2024 was 7.5%, the second-best year of the past decade, with returns ranging from 5.6% to 10.2%. The average coverage ratio increased to 113.1% at the end of 2024, with funding ratios spanning 101.2% to 122.2%; the pension conversion rate averaged 5.6%. The 15 pension funds insured around 45,300 active insured persons and pension recipients, with pension recipients rising 4.2% year on year to almost 6,700. Savings capital earned an average interest rate of 3.38%, benefits paid totalled around CHF 324 million, and employer and employee contributions totalled CHF 552 million. Total pension fund assets were CHF 9.22 billion at end-2024 (around 123% of GDP), alongside CHF 598.6 million held in vested benefits accounts with Liechtenstein banks.
Liechtenstein Financial Market Authority 2025-10-30
Liechtenstein Financial Market Authority publishes 2024 occupational pension report showing 7.5% average return and 113.1% average funding ratio
The Liechtenstein Financial Market Authority published its 2024 brochure on occupational pension provision, highlighting improved investment performance and higher coverage ratios in the second pillar of the pension system. The average investment return was 7.5%, with coverage ratios increasing to 113.1% and no fund below a 100% funding ratio. Total pension fund assets reached CHF 9.22 billion, representing approximately 123% of GDP.