Editorial

GOOD GOVERNANCE REQUIRES

FARSIGHTEDNESS AND COOPERATION

Dear affiliated companies and partners,

Patrimonia ends 2024 on a strong note. In this editorial, I would like to share with you the main lessons from the past year, the challenges faced and the exciting prospects that lie ahead of us in 2025.

Strong leadership and enhanced governance

This year, Patrimonia strengthened its governance with key initiatives such as the adoption of a new Governance Charter and finalisation of the risk management processes. Our compliance efforts culminated in the re-certification of ISO 9001:2015, thereby testifying to an unwavering commitment to excellence.

Outstanding financial and operational performance

The results estimated as at 31 December 2024 speak for themselves: a portfolio performance of +7.3%, a coverage ratio of 105.0% after interest distribution, and an 11.6% increase in active insured members and an 8% increase in affiliated companies. These figures reflect our ability to balance caution and ambition in a rapidly changing business environment.

The year also marked a new milestone in our commitment to stakeholder satisfaction. With a recommendation rate of 81.7%, the result of a survey conducted among our insured members, we take great pride in meeting the high expectations of our insured members, affiliates and partners.

A year of innovation and digital transformation

2024 was a landmark year in the modernisation of our tools and processes. We accelerated our business process automation, and improved our computer security. These developments facilitate our in-house management and improve the experience of insured members and affiliates.

Socially responsible initiatives

Patrimonia’s talented employees are its greatest asset. In 2024, we hired new team members, upskilled our employees with targeted training and made advance preparations for the generational transitions within our organisation. Our commitment to sustainability was also strengthened: we took steps to include ESG factors in our investments and began accelerating responsible investment in occupational pensions.

Strategic outlook for 2025

In 2025, Patrimonia will continue its efforts to meet the expectations of its affiliates and the requirements of an ever-changing market. The priorities include:

• Digitalisation and simplification: continuation of process automation and continuous improvement of tools to make our services even simpler and even more accessible.
• Strengthening governance: implementation of the Governance Charter and close monitoring of the skills that are necessary for the Board of Trustees to ensure efficient management.
• Strengthening relationships: more support for insured members, affiliates and partners with new loyalty programmes to enhance their satisfaction.
• Sustainability and accountability: systematic integration of sustainability criteria in our practices and investments and sustained efforts to align our activities with sustainable and responsible goals.

Achieving excellence together

2024 was a year of transformation, and 2025 will be a year of consolidation and innovation. Together, we will continue enhancing our pension provision, focusing on security, improvement and sustainability.

My thanks and appreciation,

Sylvie Jaton, Managing Director

Governance

A NEW CHARTER SETTING OUT

OUR RULES AND PRINCIPLES

In a constantly changing environment, it is essential to ensure that management is based on core values and sound principles. It was with this aim in mind that we implemented our Governance Charter, a framework which guides our organisation with regard to ethics, transparency and accountability.

This Charter is not just an internal document: it reflects our commitment to you. It establishes the rules that govern our operations, our responsibilities and the principles that ensure effective and inclusive governance. The aim of this approach is to build trust, collaboration and integrity in all our relationships.

Fundamental pillars
Our commitments are based on several fundamental pillars:

• Transparency: we are committed to sharing clear and accurate information with you about our decisions and our management.
• Ethics and Accountability: each member of our organisation adheres to rigorous standards of integrity and professionalism.
• Participation and Listening: your expectations and requirements are at the heart of our governance; we encourage dialogue and collaborative working.
• Performance and Innovation: we are doing our utmost to continuously improve our processes and meet current and future challenges.

This Charter reaffirms our commitment to offering you an outstanding service, based on solid values and transparent governance. We appreciate your trust and loyalty, and invite you to find out more about the guiding principles of our organisation.

GOVERNANCE CHARTER

Now accessible online

Please contact us for further information.

 

 

Read the Charter online

 

 

Investments

2024, A VERY TENSE YEAR

2024 was marked by the significant resilience of the major economies and financial markets, albeit in a fragile geopolitical environment. Patrimonia’s asset performance is estimated at 7.3%, i.e. more than double the expected annual return on the asset allocation.

Inflation stabilisation
After the downturn at the end of 2022, inflation stabilised in 2024 at levels that were close to the objectives of the central banks, enabling the latter to conduct more flexible monetary policies and begin cutting their official interest rates.

As usual, U.S. growth proved to be a key driver of the global economy. Buoyed by strong domestic demand, a resilient labour market and a booming technology sector, the U.S. economy continued to play a role in driving growth in the other regions.

Subdued growth in Europe

In Europe, the historic Franco-German engine, formerly the mainstay of European economic and political dynamics, has now showed signs of running out of steam. Germany, an export-driven economy for a long time, is confronted with global transformations, in particular with the energy transition and with softening Chinese demand, while France is struggling with declining competitiveness and a growing budget deficit. The widening divergences in their economic and industrial policies, combined with domestic crises, limit their ability to propose ambitious joint solutions to stimulate growth in Europe.

There was no shortage of destabilising events during this year. Firstly, the conflict in Ukraine was virtually deadlocked, with the country becoming a focal point of tensions between the Global North and and the Global South. The gap appears to be irrevocably widening: the alliances between the countries are being redefined and pose a major challenge for the world order and for international organisations.

Neither has West Asia seen any improvement in the situation in Gaza, where the humanitarian situation has deteriorated, resulting in an enormous loss of civilian life, significant numbers of forcibly displaced people, and damaged civilian infrastructure. There is very little hope of a prompt and lasting political settlement. The conflict even spread to Lebanon, which was heavily bombarded, with Israel targeting Hezbollah. The sudden fall of Bashar al-Assad at the end of the year after almost 25 years in power offers a glimmer of hope, but leaves the country divided and in an extremely unstable situation.

Trump’s return to power

Lastly, the United States presidential election of 2024 was full of dramatic twists and turns. Joe Biden, faced with criticism about his age and management, announced his withdrawal from the race, leaving Kamala Harris as the Democratic presidential nominee. However, Harris was unable to garner widespread support and the electorate expressed a desire for change in an economic and social climate fraught with uncertainty. Despite the legal proceedings against him, Donald Trump mobilised his base and benefited from the Democratic divisions to win the election. This victory marks a return to power for Trump, with uncertain geopolitical and economic implications.

Samuel Fauche, Investment Manager

Key figures 2024

REMUNERATION 2024 : INTEREST OF

3.25% ON THE ENTIRE SAVINGS CAPITAL

The Board of Trustees decided to allocate an interest rate of 3.25% to the entire savings capital of the active insured members in 2024. From 1 January 2025, a rate of 1.25% will be applied. As is the case every year, the definitive interest rate for 2025 will be set in January 2026 following the decision by the Board of Trustees.

The Patrimonia Foundation strictly enforces the communication on improving the benefits of collective pension schemes in accordance with Article 46 OOB2 promulgated by the Occupational Pension Supervisory Commission (OPSC). This Article requires pension schemes with value fluctuation reserves that have not been fully constituted to meet specific requirements before they improve their benefits. In essence, the regulatory authority intends to prevent unusually high returns from being passed on too quickly as improved benefits to the detriment of the financial equilibrium of the pension scheme.

Human resources

WELCOME TO OUR NEW EMPLOYEES

The management of the Patrimonia Foundation is pleased to announce the arrival of new employees in 2024.

We would like to welcome our new colleagues and are delighted to be able to count on them for the future development of the Patrimonia Foundation.

Governance

NEW BOARD OF TRUSTEES

AS AT 1 JANUARY 2025

Voting took place in summer 2024 to elect a new employees’ representative to the Board of Trustees. Hence, as of 1 January 2025, the composition of Patrimonia’s Board of Trustees is as follows:

OUR MEETINGS 2025

Rates

REQUEST YOUR RATES 2025

Do not hesitate to contact us to request your rate proposals for 2025 for renewals or new business. Your contact persons for the offers are as follows:
 

Online access

WEB PORTAL:

ACCESS YOUR DATA DIRECTLY

Our “Web Portal” gives you a modern tool to facilitate the management of your 2nd pillar. Go to www.patrimonia.ch from now on.

Web Portal for insured members

As an insured member, you can access your pension pot and personal documents at any time. Moreover, you can also run simulations such as retirement, purchases, and encouragement of home ownership. This web access is provided automatically with your first pension statement.

New: you can now make your purchases online, whenever you wish. Monthly purchases are consequently possible!

Web Portal for Employers and Partners

The employer portal enables you to run simulations, prepare documents and send change requests (data input, data output, salary adjustment, activity rate, etc.), view your current account and your invoices from your workstation at any time.

New: your transfers are now processed automatically. Your invoices and statements are generated immediately!

CONTACT US!

Switchboard +41 58 806 08 00

[email protected]

Correspondence address
Fondation Patrimonia
Rue St-Martin 7
CH-1003 Lausanne

André Eicher, Sales & Communication Manager

[email protected]

T +41 58 806 08 08
M +41 79 216 50 99

© Fondation Patrimonia 2025