Liberty Pension Ltd. has made major advances in its development. The new BVV2/OPP2 regulations (structural reform) have made the Company stronger, serving as a springboard for the Company's further growth. As a result of these major advances, the Company's assets on platform grew 6% in the first half of 2014, just attaining the CHF 1.1 billion mark.
Driven by the new BVV2/OPP2 requirements, Liberty has reorganised and consolidated its operations. The management and administration of Liberty's popular pensions platform was taken over by Liberty Pension Ltd. and further developed with a strengthening of customer services and even greater focus on customised pension and securities solutions for clients and distributors. Management was also consolidated by the recruitment of additional experienced professionals: on the operational side, Patrick Riesen joined the Executive Committee with responsibility for IT and Finance whereas Jean-Marc Ney manages French-speaking Switzerland and the office in Commugny/VD where staff has been added since his arrival.
The reorganisation also involved a strengthening of the Board of Directors: as chairmen of the Boards of Trustees, Gilbert Weber and Stephan Hegner are in charge of overseeing and developing the individual Liberty foundations (vested pension benefits, 3a retirement savings, BVG/LPP collective foundation and Flex Invest), while Prof. Dr. Dr. Christian Wunderlin has joined the Board of Directors of Liberty Pension Ltd. as its President.
The Company's expansion has also necessitated a move to new and larger premises: in December 2014, Liberty Pension Ltd. will move to a building on the Milchstrasse - in the immediate vicinity of the railway station in Schwyz. The new premises offer significantly more space to accommodate the Company's planned growth.
Following the new additions to staff and the implementation of the structural reform, Oliver Bienek as CEO and Barbara Bienek as head of Client & Partner Services together with their well-established 25-man team have maintained the Company on its growth-orientated course. In the first half of 2014, client assets (assets on platform) met the 6% growth target to attain the CHF 1.1 billion mark. The solid financial situation of the individual Liberty foundations is particularly satisfactory, as is the strong growth in securities solutions which now account for nearly 40% of all investments.
In the near future, the emphasis will be maintained on increasing the assets on platform through innovative and risk-minimising offers with a view to ensuring the Company's sustainable development. Thanks to the selective addition of first class, large volume cooperation partners, the launching of innovative risk insurance for our vested benefits and 3a retirement benefits accounts and the forthcoming activation of a retooled version of our popular Compare Invest platform, the Company has made further advances, creating new potential for organic growth.