Merger of Pension Foundations

Frequently asked questions

General

As a Credit Suisse account holder, what will change for me as a result of the merger of the CREDIT SUISSE VILEGIA Pillar 3 pension foundation with the Fisca Pension Fund Foundation of UBS AG? Do I need to do anything?

• Following the merger of the pension foundations at the end of 2024, the Fisca Pension Fund Foundation of UBS AG, with its registered office in Zurich, became the legal contracting party of all account holders.
• Credit Suisse account holders do not need to do anything as a result of the merger of the pension foundations at the end of 2024.
• The next milestone is the transfer of your Credit Suisse pension relationship and products to the UBS systems. This step will mostly take place in 2025.

As a Credit Suisse account holder, will there be any changes to my Credit Suisse pension products?

• Credit Suisse pension products and services will remain unchanged and will continue to be available until the migration of your pension relationship and products.
• The overarching goal of our planning and approach is to make the transition as smooth as possible for you. We will communicate the next steps promptly and transparently.

When can I expect the transfer of my Credit Suisse pension relationship and products to be completed? When will I receive further information?

• The transfer of your Credit Suisse pension relationship and products will mostly take place in 2025 – we will communicate in a timely and transparent manner.

Will I have a new contact person following the legal merger of the pension foundations at the end of 2024?

• Following the merger of the pension foundations at the end of 2024, contact persons will initially remain unchanged.
• However, with the migration of your pension relationship and products, your contact persons may change – as always, we will inform you of this promptly and transparently.

What will happen to my pending payment requests or other outstanding business transactions following the merger of the pension foundations at the end of 2024?

• Pending payment requests and other outstanding business transactions remain in place and will be processed as usual.

Why do the Credit Suisse regulations continue to apply to me as a Credit Suisse account holder, despite the merger of the CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation with the Fisca Pension Fund Foundation of UBS AG?

• For technical reasons, the processes, forms and regulations of the CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation will remain valid until the transfer of your pension relationship and products is completed.
• As soon as your pension relationship and products have been migrated, the processes, forms and regulations of the Fisca Pension Fund Foundation of UBS AG will apply.

What changes to the regulations can be expected for CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation account holders?

• Transitioning to the regulations of the Fisca Pension Fund Foundation of UBS AG as part of the transfer of your pension relationship will not result in any noticeable changes for account holders with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation.
• The regulations of the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation and the Fisca Pension Fund Foundation of UBS AG follow the statutory provisions and their key messages are largely similar.
   

Account

Will I be issued a new account number by the Fisca Pension Fund Foundation of UBS AG for my existing 3a pension account with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation?

• Yes, as part of the transfer of your pension relationship and products, all account holders with the former CREDIT SUISSE Pension Foundation Pillar 3 will be issued a new UBS Fisca 3a number.

I already have a 3a pension account with both the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation and a UBS Fisca 3a with the Fisca Pension Fund Foundation of UBS AG. Will these be consolidated during the transfer of my Credit Suisse pension relationship and products?

• No, your separate 3a pension accounts will not be merged. Following the transfer of your pension relationship and products, a new UBS Fisca 3a with the Fisca Pension Fund Foundation of UBS AG will be opened for your existing 3a pension account with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation.

Can I use the Fisca Pension Fund Foundation of UBS AG forms to pay out my 3a retirement savings from the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation?

• No, this is not possible until the transfer of your pension relationship and products is completed. Until then, the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation forms must be used and submitted to the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation.

As a Credit Suisse account holder, why do I continue to receive documents from the CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation following the merger of the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation with the Fisca Pension Fund Foundation of UBS AG?

• For technical reasons, the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation will continue to send your client documents until the transfer of your pension relationship and products is completed.
• Following the transfer of your pension relationship and products, the documents will be sent by the Fisca Pension Fund Foundation of UBS AG.
   

Payments

What happens if money is paid into my 3a pension account with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation following the merger of the pension foundations at the end of 2024? Will the amount be credited?

• After completion of the merger of the pension foundations at the end of 2024, incoming payments will initially continue to be credited to your 3a pension account with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation.
• After the transfer of your pension relationship and products, payments to the account number of your previous pension account with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation will be forwarded to your new UBS Fisca 3a with the Fisca Pension Fund Foundation of UBS AG during a transitional period.
• If you use payments or standing orders from other banks to deposit into your UBS Fisca 3a, the transfer details must be adjusted to the collective account of the Fisca Pension Fund Foundation of UBS AG.
  Please always enter the beneficiary UBS Fisca 3a number and the first and last name of the account holder in the payment purpose. The required payment details are as follows:
  • Recipient: Fisca Pension Fund Foundation of UBS AG, 8098 Zurich
  • Credit account (IBAN): CH20 0023 0230 2480 3096 F
  • Payment purpose: “Your UBS Fisca 3a number” / “first and last name of the UBS Fisca 3a holder” (e.g., F3xxxxxxxx / John Doe)
• We will communicate your new UBS Fisca 3a number to you in good time as part of the overall transfer of your pension relationship and products, which will mostly take place in 2025.

What will happen to my Credit Suisse standing orders to my existing 3a pension account with the former CREDIT SUISSE PRIVILEGIA Pillar 3 pension foundation?

• Existing Credit Suisse standing orders for pensions will be taken over and will continue to run as usual. Following the transfer of your pension relationship and products, your standing order for pensions will be debited from your new UBS account and credited to your new UBS Fisca 3a.
• Pending payments that have already been debited from your Credit Suisse account and credited to your Credit Suisse 3a pension account and are still outstanding will also be transferred.
• Standing orders for pensions or pending individual payments from third-party institutions to your previous 3a pension account, which will now be managed by the Fisca Pension Fund Foundation of UBS AG, must be adjusted.

What will happen to my pending payment requests or other outstanding business transactions following the merger of the pension foundations at the end of 2024?

• Pending payment requests and other outstanding business transactions remain in place and will be processed as usual.
   

Invest

What will happen to my Credit Suisse investment groups (CSA Mixta-BVG) / my pillar 3 securities pension plan?

• Nothing will change for your Credit Suisse investment groups (CSA Mixta-BVG). Existing investment groups will be transferred to UBS during the transfer of your pension relationship and products and do not need to be sold.
• Following the merger at the end of 2024, you can continue to invest in Credit Suisse investment groups (CSA Mixta-BVG) for the time being – either via the Credit Suisse 3a pension plan or through individual investments.
• Once the migration of your pension relationship and products has been completed, new investments in Credit Suisse investment groups (CSA Mixta-BVG) will only be possible via an existing Credit Suisse 3a pension plan. Individual investments in Credit Suisse investment groups (CSA Mixta-BVG) and the creation of a new Credit Suisse 3a pension plan will no longer be possible. Instead, UBS Vitainvest investment funds will be available.

Can I make changes to my existing Credit Suisse 3a pension plan?

• You can make changes to your Credit Suisse 3a pension plan until the transfer of your pension relationship and products is completed. After that, your 3a pension plan will be taken over by UBS and no further changes can be made.
• Changes after the transfer of your pension relationship and products must be made by opening a new 3a pension plan. UBS’s pension offering is available for this purpose.