SWI FINMA Occupational Pension Data

On Dec. 5, SWI FINMA issued instructions for collecting 2023 data.

  • SWI FINMA issued instructions for collecting data from the company accounts for occupational pensions to aid completion of the 2023 occupational pension plan (BV).
  • Follows SWI FINMA Nov. 2023, instructed on collecting 2022 data, see #155024.
  • Summary
  • Refers to entry folder of BV 2023 company accounts with previous year's figures entered and the template for the accompanying report to BV 2023 operating accounts.
  • Legislative decree 08/36 specifies regulatory provisions relating to the BV operating accounts; lists mandatory provisions and supports BV operating accounts completion.
  • For this reason, individual items of the BV operating accounts are described in detail.
  • BV operating accounts must be prepared and submitted with a recording folder.
  • Guidance also covers: BV 2023 operating financial statements accompanying report; entry folder and accompanying report I III coordination; disclosure; external audit.
  • Deadline
  • The deadline for submitting the BV 2023 operating accounts, the accompanying report and the disclosure proposal audited by the audit firm is Apr. 30, 2024.
  • Operating accounts must be disclosed to policyholders by end of May 2024, so SWI FINMA will respond to disclosure proposal within 3 weeks of submitting documents.
  • Insurance companies must ensure that the operating accounts are made available to their respective auditors for review within a reasonable period of time before Apr. 30.

Regulators SWI FINMA
Entity Types Auditor; Fiduciary; Pension
Reference Gd, 12/5/2023
Functions Compliance; Financial; Legal; Reporting
Countries Switzerland
Products Pensions
Regions EMEA
Rule Type Final
Rule Date 12/5/2023
Effective Date 4/30/2024
Rule Id 193764
Linked to N/A
Reg. Last Update 12/5/2023
Report Section EU

Last substantive update on 12/08/2023