Photo: Pasquale Zarra, Managing Partner, Lemania Services ©

Lemania Services has announced the launch of the Swiss Pension Fund, a Swiss-law multi-manager umbrella fund dedicated to wealth management players active in private pension provision, following approval by the Swiss Financial Market Supervisory Authority (FINMA).

As part of this launch, Lemania Pension Fund MIX joins the Swiss Pension Fund umbrella structure, becoming its first sub-fund under the name Lemania Pension Fund MIX (LPFX).

Other sub-funds backed by Swiss financial institutions are expected to join the Swiss Pension Fund platform progressively, confirming its positioning as a benchmark open-architecture solution for pension provision.

In addition, a new fund management company has been appointed for the Swiss Pension Fund umbrella. As of 17 July 2026, this role is held by FundPartner Solutions (Suisse) SA, a company within the Pictet Group, while Banque Pictet & Cie SA acts as custodian bank. The LPFX sub-fund continues to be managed by Mirabaud Asset Management (Suisse) SA.

FINMA’s decision approves the creation of the Swiss Pension Fund, the change of fund management company and the transformation enabling LPFX to be integrated into this new umbrella structure.

An innovative platform for financial entrepreneurs active in wealth management and private pension provision

The Swiss Pension Fund is a new Swiss multi-manager platform designed for banks, independent wealth managers, financial entrepreneurs and pension-sector players looking to grow their business in the private pension market. Its architecture enables these players to create their own sub-funds based on their own investment strategies, while benefiting from a shared regulatory, administrative and operational infrastructure that delivers economies of scale and an attractive cost base.

In particular, this approach makes it possible to:

• pool the costs of setting up and operating an occupational pension fund under OPP2;
• facilitate the development of investment strategies tailored to the pension and asset management universe;
• benefit from specialist support in structuring, OPP2 governance and distribution in accordance with FinSA;
• offer an open, multi-manager architecture dedicated to pension provision.

Strengthened institutional governance

The Swiss Pension Fund also stands out for its governance model. It is the first Swiss investment fund to integrate, within its own governance framework, a pension adviser tasked with supporting distribution networks in line with FinSA requirements, as well as an OPP2 investment adviser and sub-fund structuring specialist.

This structure brings together collective investment expertise, OPP2 governance and specialist support for distribution networks on a single platform, while ensuring strict separation between the advisory, wealth management and fund management functions. It therefore offers banks, wealth managers and financial entrepreneurs a unique model and a solid institutional framework for developing pension solutions.

The governance of the Swiss Pension Fund is built around specialised partners:

• FundPartner Solutions (Suisse) SA, as fund management company;
• Banque Pictet & Cie SA, as custodian bank;
• Lemania Services Sàrl, as pension adviser to distribution networks, with no management or investment decision-making powers;
• Ninety-Six Partners SA, as investment adviser on OPP2 governance and sub-fund structuring matters, with no management or investment decision-making powers;
• Mirabaud Asset Management (Suisse) SA, as asset manager of the Lemania Pension Fund MIX (LPFX) sub-fund.

The fund management company is responsible for the fund’s operational and administrative management, the calculation of the net asset value, the issue and redemption of units, and the oversight of delegated tasks. Each asset manager remains responsible for implementing the investment strategy of the sub-fund entrusted to it, within the framework defined by the fund documentation.

A platform designed to welcome new sub-funds

Following the integration of Lemania Pension Fund MIX as its first sub-fund, the Swiss Pension Fund is intended to host new strategies developed by wealth managers, banks and specialised partners.

This architecture reconciles each fund manager’s independence with the benefits of institutional governance and a shared infrastructure. Each sub-fund has its own investment policy and is solely liable for its own obligations.

“The authorisation of the Swiss Pension Fund marks a defining milestone for the development of private pension provision in Switzerland. Today, we are offering wealth management players and financial entrepreneurs an institutional platform that enables them to develop their own pension solutions within a robust, shared Swiss framework that complies with regulatory requirements. By integrating, within its governance structure, a pension adviser responsible for supporting distribution networks in accordance with FinSA, the Swiss Pension Fund is opening a new path for the development of private pension solutions in Switzerland. For the first time on a single platform, this structure brings together collective investment, OPP2 governance and support for distribution networks for the benefit of investors and wealth management professionals.”

Find all our Press Releases articles