Tag Archives: Personal finance

The latest UBS Swiss Real Estate Bubble Index published this week shows several regions at risk of overheating property prices. © Annanahabed | Dreamstime.comThe regions highlighted as exposed include Basel, Lausanne, Vevey, parts of the Vaud Alps, Lugano, Nidwalden, Luzern, Zug and the Zurich region, all parts of Switzerland where there is plenty of high paid work. Lausanne, Basel, Zug, Luzern and parts of the Zurich region are described as having fundamental risk, while Vevey and...

© Sergei Babenko | Dreamstime.com In 2016, the social security office in Zurich discovered a concealed bank account containing CHF 1 million belonging to a deceased man who had received welfare payments for 13 years, reported RTS. Over the 13 years, the man had received financial hardship payments, known as supplemental benefits, and health insurance subsidies amounting to CHF 140,000. When applying for hardship payments in Switzerland, all wealth must be declared....

In 2016, the social security office in Zurich discovered a concealed bank account containing CHF 1 million belonging to a deceased man who had received welfare payments for 13 years, reported RTS. © Sergei Babenko | Dreamstime.comOver the 13 years, the man had received financial hardship payments, known as supplemental benefits, and health insurance subsidies amounting to CHF 140,000. When applying for hardship payments in Switzerland, all wealth must be declared. In general, an...

Those with a migration background in Switzerland are on average financially worse off than those without, according to data from the Federal Statistical Office. And those with a migration background pay on average 10% more per square metre of living space than the rest of the population. © | Dreamstime.comIn Switzerland, around 20% of those with a migration background have trouble making ends meet, compared to 7% of the rest of the population. On average, people without a migration...

[unable to retrieve full-text content]Switzerland’s four largest buildings insurers estimate the costs of recent weather events could reach half a billion francs across Switzerland, reported RTS. According to Grégoire Deiss, who works for the cantonal buildings insurer ECAB in Fribourg, the cost of recent storms and flooding could be around CHF 500 million across all of Switzerland, a figure he based on claims that have been made so far.

Switzerland’s four largest buildings insurers estimate the costs of recent weather events could reach half a billion francs across Switzerland, reported RTS. © Angela Schmidt | Dreamstime.comAccording to Grégoire Deiss, who works for the cantonal buildings insurer ECAB in Fribourg, the cost of recent storms and flooding could be around CHF 500 million across all of Switzerland, a figure he based on claims that have been made so far. However, the final bill remains uncertain. More...

The youth chapter of the PLR (FDP) has successfully collected enough signatures for an initiative to raise the official retirement age in Switzerland to 66 years old, reported RTS. © Skypixel | Dreamstime.comOn 16 July 2021, initiative organisers submitted 145,000 voter signatures as part of the formal process of launching a referendum in Switzerland. Under referendum rules a minimum of 100,000 valid signatures must be collected within 18 months. The official retirement age in...

Normally, those who borrow must pay out more money than they are lent in the form of interest and repayments. Currently, for the Swiss government it is the other way around. Lenders are paying the Swiss federal government to give it money. © Valeriya Luzina | Dreamstime.comOn 14 July 2021, the Swiss Confederation announced the success of its latest issue of government bonds. The government recently issued bonds with a face value of CHF 934 million in return for CHF 1,078 million, netting...

On 9 July 2021, the Swiss price comparison website Comparis revealed that it had been the victim of a ransomeware cyber attack on Wednesday, 7 July 2021. © Chernetskaya | Dreamstime.com According to Comparis, the attack occurred in the morning. Comparis took down several of its sites as a security measure. The attackers demanded money in exchange for decrypting data. Comparis said that based on the information available most of their databases containing customer...

On 9 July 2021, the Swiss price comparison website Comparis revealed that it had been the victim of a ransomeware cyber attack on Wednesday, 7 July 2021. © Chernetskaya | Dreamstime.comAccording to Comparis, the attack occurred in the morning. Comparis took down several of its sites as a security measure. The attackers demanded money in exchange for decrypting data. Comparis said that based on the information available most of their databases containing customer information were...