Tag: verträge

  • The Swisscanto Collective Foundation and Supra Collective Foundation return to the name Servisa

    The Swisscanto Collective Foundation and Supra Collective Foundation return to the name Servisa

    The existing contracts and their benefits will continue unchanged under the new, original name. Neither for the insured persons, nor for the affiliated companies, nor for the partners of the Servisa collective foundations is there any need for action due to the change of name. There will also be no changes to the strategic orientation of the pension fund and the persons responsible. The boards of trustees of the two Servisa foundations remain independent and continue to pursue the existing long-term foundation strategies. The management and contact persons at Servisa also remain the same. The cantonal banks also remain important partners of Servisa.

    Other foundations and companies operating under the “Swisscanto” brand are not affected by the change of name. These are namely the Swisscanto Vested Benefits Foundation, the Swisscanto Investment Foundations, the Swisscanto Flex Collective Foundation, the Swisscanto 1e Collective Foundation and the Swisscanto Holding Ltd. of the Zurich Cantonal Bank.

    The return to the original name of the Servisa Foundations will be completed on 19 June 2023. It will take place in close coordination with Zürcher Kantonalbank as the owner of the “Swisscanto” brand, which has been used jointly up to now.

  • Alpiq benefits from long-term contracts

    Alpiq benefits from long-term contracts

    According to the key figures of the Alpiq Group , the Lausanne-based energy group generated net sales of 1.83 billion francs in the first half of 2020. Compared to the previous semester, this corresponds to a decrease of 18.3 percent. The operating result (EBIT) reported a loss of 70 million francs, compared to a loss of 206 million francs in the first half of 2019. The net result improved from a loss of 206 million to a loss of 84 million francs.

    The operating result at the EBITDA level before special items increased from 55 million to 116 million francs year-on-year, said Alpiq in a statement on the half-year results. All three Alpiq divisions contributed to the positive operational development.

    Specifically, a result of 37 million francs was achieved in Swiss electricity production, compared to a loss of 56 million francs in the previous semester. International energy trading increased its result year-on-year from CHF 53 million to CHF 58 million. In international electricity production, after 60 million francs in the previous year, a positive result of 24 million francs was achieved “despite the coal phase-out”, writes Alpiq.

    The coronavirus pandemic caused electricity prices to fall sharply, especially in April and May, Alpiq said in the press release. The Lausanne group was well protected against this development due to the safeguarding of electricity production for two to three years.