Caveo - Independent Financial Planning Switzerland

At 55, the perspective shifts. Your wealth should no longer simply grow – it needs to become predictable, stable and aligned with retirement. In this phase, your investment strategy becomes the decisive question, and the logic of Swiss pension funds offers a surprisingly compelling answer.

What pension funds do differently

Swiss pension funds manage billions with a clear mandate: to preserve and grow capital over the long term, not to speculate. They invest in a broadly diversified manner across equities, bonds, real estate, alternative assets and liquidity, balancing return, risk and capital preservation.

The Everon Swiss Pension Fund Strategy applies this institutional logic to private investors. It follows a broadly based asset allocation with a Swiss focus and global diversification, using the established UBS Mixta-BVG index strategy (formerly CS Mixta) as its reference. According to the factsheet, the strategy is conservatively positioned and has a track record since 2019.

Why this matters for the 45+ generation

Approaching retirement, the priority is no longer maximum performance but the right questions:

How much volatility can – and do – I still want to bear?
How should my wealth remain invested in retirement?
How do my pension fund, pillar 3a and free assets work together?
How do I coordinate capital withdrawal, pension, taxes and liquidity?

A pension fund strategy fits well here because it does not chase individual stocks or short-term trends, but builds on a robust, long-term structure. The honest view on risk remains essential: even a broadly diversified strategy has down years. Setting that expectation clearly is part of sound planning.

From concept to portfolio: the AMC

The strategy is also available as an AMC – an actively managed tracker certificate – and can generally be booked into an existing securities account.

Key facts per the product documentation:

Issuer: Luzerner Kantonalbank AG (S&P rating AA+); Investment Advisor: Everon AG
ISIN: CH1530880272; product currency CHF; open-ended term
Costs: total expense ratio (TER) of 0.95% p.a.
Risk: risk class 4 of 7 (medium), no capital protection, the investor bears issuer risk
Recommended holding period: +5 years
Click here for the AMC: LUKB Aktiv Verwaltetes Tracker-Zertifikat auf Schweizer Pensionskassen Strategie CH1530880272 - Strukturierte Produkte der Luzerner Kantonalbank

Transparency is part of fee-based advice: an AMC is a structured product, not a fund under the Collective Investment Schemes Act. In practice, this means the issuer's creditworthiness is part of the risk – in the event of insolvency, total loss is possible in the worst case. These points belong on the table before any purchase decision.

The often-overlooked lever: taxes

Especially from 45 onward, tax treatment co-determines your net return. For such a product held as private assets, Swiss law provides that the income component is subject to income tax, while capital gains are tax-free. The issuer reports this split annually to the Federal Tax Administration. No Swiss withholding tax applies. How material this effect is depends on your individual situation – which is precisely where a holistic view adds value.

Plan first, then invest

From Caveo's perspective, an AMC should never be bought in isolation. Before investing, it must be clear what role the investment plays in your overall wealth: retirement timing, lump sum versus pension, tax planning, liquidity needs, risk capacity and existing investments. Only from this complete picture does it become clear whether – and to what extent – a pension fund strategy makes sense.

Conclusion

The Swiss Pension Fund Strategy is a compelling solution for investors aged 45+ who want to structure their wealth over the long term, broadly diversified and with institutional logic. It does not replace financial planning – but properly positioned, it can be a strong building block in your wealth structure before and after retirement. As part of its financial planning, Caveo assesses whether the Swiss Pension Fund Strategy fits your retirement, your wealth and your personal risk capacity.

This article is for information purposes only and does not constitute investment advice, an offer or individual consultation. Investments in structured products carry risks, including possible loss of capital. The legally binding product documents (term sheet, key information document, base prospectus) of the issuer are authoritative.