echo interview with Judith Granat, Director of Marketing, Consulting and Communications at Retraites Populaires
elipsLife echo: Retraites Populaires is a financial services entity and has its own legal personality under public law. It is one of the largest pension institutions in French-speaking Switzerland, firmly anchored in the canton of Vaud. What does your institution stand for?
Judith Granat: Retraites Populaires is an insurer in the 2nd and 3rd pillars - the latter via life insurance - and in the pension and mortgage business. The company runs two foundations: Retraites Populaires as a full-service insurance company and Profilia as a semi-autonomous insurance entity. We offer insurance exclusively to residents of the canton of Vaud and companies based there as well as Vaudois citizens wherever they're living in the world. Retraites Populaires invests heavily in the canton of Vaud and also focuses its numerous sponsoring activities on the canton. We also manage a large number of pension funds, such as the Pension Fund of the Canton of Vaud (CPEV) and the Caisse Intercommunale de Pension (CIP). We are non-profit oriented, but nevertheless operate in very competitive markets. Our clients deeply appreciate the security and trust our institution offers.
Do the insured benefit from your company’s public-sector status?
The insured benefit first and foremost from the solidity of the company. In addition, there is a state guarantee in the event of bankruptcy. Furthermore, as a company under public law, we don’t have to satisfy shareholders. Consequently, we can return large parts of our surpluses to the insured in good financial years; in 2021, these amounted to CHF 67.9 million.
The company was founded in 1907 as a cantonal institution. How many employees do you have today?
We employ about 330 people and 35 apprentices or people in training. Ninety-five percent of our employees work at our head office in Lausanne, and a few in the Yverdon-les-Bains and Nyon branches.