The Swiss Asset Managers Association (SBA) has argued that the revised investment guidelines for occupational pension plans (BVV2) have contributed to deterring greater allocations to alternative assets because of the way they categorise assets.

The SBA has proposed that asset classes be broken down into equity, debt, real assets, and trading and resources. Private equity, private debt, and infrastructure would be assigned to the categories of their listed counterparts.

A summary of the proposed re-categorisation is set out below. This can be found in the report of “The SBA< Occupational Pension Plans taskforce, 2016.”