“Annuity or lump sum?” study
1 November 2024 – In 2024, PUBLICA has analysed in depth the trends and motives behind the rise in lump-sum withdrawals. Our “Annuity or lump sum?” study, published today, highlights the changes over the last ten years in the way people choose to draw their retirement assets when they stop working. It shows that more and more pension fund members, in Switzerland generally and at PUBLICA in particular, are opting for a lump-sum payout. Between 2013 and 2023, the proportion choosing a partial or full lump-sum withdrawal rose sharply. Key factors influencing their decision include tax considerations, a wish to implement their own investment strategy, and a direct need for capital to, for example, pay a mortgage.