After a modest start, Profond ended the 2023 financial year on a positive note with an investment return of 4.6% and an interest rate of 2.5%. Since the foundation of Profond in 1991, we have achieved an average return of 5% p.a. and an average interest rate of 4% p.a. This extraordinary interest rate distinguishes us and, this year, has also earnt us the award for the highest interest rate over 10 years. Above-average interest rates are particularly important for our insured members: Over a working life of forty years, together with the compound interest, it leads to an approximately 30% higher retirement capital, which directly affects the pension.

Review and outlook

At the beginning of this year's Annual General Meeting at the SIX ConventionPoint in Zurich, we offered interested parties the opportunity to take part in a guided tour of the Swiss Financial Museum. Peter E. Bodmer, Laurent Schlaefli and Andreas Häberli then explained what had kept Profond busy last year and looked to the future. The main points were: 

• Review of the past financial year
• Insight into Profond's new strategy period, focusing on an attractive range of services and a positive customer experience
• Reduction of administration costs as of 1.1.2025 thanks to already implemented process optimisations
• New composition of the Foundation Board

Keynote speech by Matthias Mölleney

Matthias Mölleney, owner of peopleXpert GmbH, explained in his keynote speech entitled "Employer success in difficult times" strategies against the shortage of skilled workers. He showed how employers can strengthen their attractiveness from within and understand and use digitalisation as an opportunity.  

During the following get-together with drinks and snacks, there was plenty of time for discussions, questions and an informal exchange. 

We thank everyone for attending and look forward to the next Annual General Meeting on June 24, 2025.