The Board of Trustees adopted the 2015 Annual Report at its ordinary meeting on 18 April 2016.
The committee also dealt with the prospects for 2016. The record-low interest rates, uncertainties in the financial markets and the increasing life expectancy of the population are having a major influence on the long-term financing of pensions. The environment has changed significantly in recent years, to the detriment of pension funds. It is up to us to react to these changes. In February 2016, the Board of Trustees commissioned c-alm AG to carry out an asset and liability study. It will provide the Board of Trustees with the requisite foundation for its strategic management and any necessary changes. We will keep you updated on the decisions taken.