Sterling's slump since Britain decided to leave the European Union has helped to boost the pension funding levels at Swiss companies.
But with central banks' low interest rate policies continuing to stimulate the equity market, Swiss pension funds have seen the perfect opportunity to benefit from this 'short term' gap.
A Brexit-fuelled fall in sterling that benefited UK equities helped boost pension funding levels at Swiss companies in the third quarter, according to Willis Towers Watson.The consultancy’s quarterly pension index for Swiss occupational pension schemes showed that funding levels rose from 88.4% as at the end of the first half of the year to 90.2% as at the end of September.