To our esteemed Clients and Business Partners

The purpose of this letter is to keep you abreast of changes in our investment methods.

Henceforth, Liberty will invest your deposits once a month in the products you have selected. To avoid small investments and the resulting unnecessary costs, subscriptions will be made as of a minimum amount of CHF 100 per security.

The other changes described below only apply if you transfer your contributions (e.g. 3a retirement savings, 1e savings, 1e buy-ins, etc.) to your account in several tranches over the year.

On opening the account and securities deposit, you could choose up to five pension investment funds from a universe of over 70 BVG/LPP-compliant investment products. In addition to choosing the investment products, you also set a cash share (e.g. 5%).

Henceforth, investments will be made automatically at the end of the month, but only if your deposits exceed the defined cash share by +/- 3 percentage points.

Three examples by way of illustration:

- You have set a cash share of 5%. You now make a deposit which increases your cash share to 7%. The excess cash of 2% will not be invested. An investment will only be made when the cash share exceeds 8%.

- You have set a cash share of 5%. You now make a deposit which increases your cash share to 9%. The excess cash share of 4% will be invested in the relevant shares of the chosen securities at the end of the month.

- You have set a cash share of 5%. Following a change in market circumstances, the cash share falls to 1%. The 4% shortfall in the cash share will be reconstituted at the end of the month by disinvesting.

Please contact us if you have any questions.

We thank you for your continued trust.

Yours truly

Liberty Pension