Swiss civil service pension fund updates brand; coverage ratio rises to 80%

The Civil Service Pension Fund of the Canton of Neuchâtel has changed its logo and unveiled a new website in an update to its visual identity, whilst announcing positive results.

Previously known as Prévoyance, as of 1 November the fund will be called CPCN. The fund said the change marks the “new dynamic” of the fund and reflects its values, as well as its commitment to its partners.

The adoption of the CPCN acronym is also closer to its corporate name. A new website has also been launched, which offers access to information concerning the fund's services and members can now use it to make requests online.

It comes on the back of positive results for the fund, which has seen its coverage ratio increase by 15 percentage points, and now exceeds 80 per cent. Its financial health has also improved by CHF 1.2bn. As a result, the fund has announced that total contributions will be reduced by 3 percentage points from 1 January 2022. This decrease benefits policyholders and employers and has no impact on policyholder benefits.

In addition, the fund has adopted a responsible investment strategy integrating environmental, social and governance (ESG) issues, as it is aware of the need to take “ concrete and rapid action” to help the climate.

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