Open dialogue enhances trust between employees and the employer. The employee representatives and Corporate Executive Board maintain close contact with each other.

Since 1996, Swiss Life has had a European Works Council (pursuant to EU Directives 94/45/EC and 2009/38/EC). The nine-person “Europa Forum”, a committee comprising delegates from four countries, meets regularly with representatives of the Corporate Executive Board at ordinary and extraordinary meetings. It deals with transnational information and consultation on topics which affect all Swiss Life employees. The focuses in 2018 were: Strategy 2021, personnel management, digitalisation and employee qualification, the new competency model, performance testing, employee surveys, compensation, maintenance of employee marketability, diversity and inclusion, promotion of health and well-being. What is more, Swiss  Life maintains local employee representation in numerous countries as legally required


Swiss Life Switzerland

  • The agreement concerning simplified recording of working hours, which entered into force on 1 April 2016, was formally confirmed at the annual review and will be continued.
  • In 2018 the staff committee continued to work on various sub-projects of the “Actively shaping your career” initiative.
  • As part of the 2019 salary review, the staff committee made a formal application to the Executive Board for a salary increase.
  • The regulations of the staff committee of Swiss Life Ltd in Switzerland were specified in certain particulars and amended as needed, at the behest of the staff committee. They enter into effect on 1 January 2019.
  • The staff committee initiated the revision and expansion of the guideline for the protection of non-smokers (entry into force on 1 January 2019), proposed building measures to better define smoking areas and supported raising awareness of the issue among employees.


Swiss Life France
A total of 13 agreements were reached in 2018:

  • Three annual wage negotiations 2018 (NAO): salary agreements
  • Agreement on electronic voting
  • Third addendum to the hotline agreement to ensure attention to the special requirements of Customer Services
  • Addendum to the agreement on trade union rights
  • Agreement on the reimbursement of healthcare costs
  • Agreement on distribution of profits
  • Agreement on the functioning of employee representation bodies
  • Agreement on trade union rights
  • Agreement on the recognition of an economic and social entity (UES)
  • Pre-electoral agreement

Asset Managers France

Swiss Life Asset Management Ltd

  • Mobile Office agreement

Swiss Life Real Estate Management SA

  • Agreement on distribution of profits
  • Confirmation of the staff committee


Swiss Life Germany
In spring 2018, cyclical elections were held in Germany for the various Works Council committees.

  • In addition to various adjustments to the works agreements due to the GDPR, the Works Council made a strong commitment to health management and, via its health team in cooperation with HR, is further expanding its comprehensive portfolio of health campaigns.
  • As part of the principles of remuneration, the Works Council and the employer renegotiated salary adjustments. The result of the negotiations reflects both the cost factor and the salary adjustment due to cost of living.
  • The VertriebsWerk programme in intermediary distribution takes strategic challenges of the future into account. It was necessary to conclude a reconciliation of interests and a redundancy agreement in order to implement the measures. The parties carried out negotiations and imple-mentation constructively and with an eye to the relevant requirements.

Asset Managers Germany
The following works agreements were reached in 2018 for Swiss Life Asset Management GmbH and Swiss Life Invest:

  • Mobile Office
  • Teamportfolio
  • Calculation of variable compensation (bonus payment) for 2017
  • Basic salary adjustment process for non-management, non-pay-scale employees

Corpus Sireo
Works agreements 2018:

  • Regulation concerning working hours at Corpus Sireo
  • Dealing with working time regulations from old contracts prior to 1 July 2017
  • Mobile Office
  • Supplementary framework conditions for employment relationships at Corpus Sireo
  • Voluntary social security benefits – Spendit Card
  • MITE project time recording
  • Deployment and use of “Competence Booster” at Corpus Sireo
  • Company framework agreement IT


Swiss Life Luxembourg
In the Luxembourg financial sector as well as in the insurance sector, salary agreements are agreed at sector level. A new agreement was signed between employee and employer representatives in June 2018. The most recent negotiations concerned two objectives, supported by both parties:

  • Maintaining the competitive position enjoyed by the Luxembourg insurance sector on the labour market, especially in times in which financial institutions have decided, owing to Brexit, to move their activities to Luxembourg or to expand into Luxembourg
  • Ensuring appropriate investment in the retraining of insurance workers and adapting skills to future workplace demands

Asset Managers Luxembourg
The staff committee of Swiss Life Fund Management (LUX) S.A. met a total of six times in 2018. Three of these meetings featured a conversation with the Executive Board. The staff committee also organised several employee events. No formal agreements were reached between the staff committee and the Executive Board in 2018.


Swiss Life Switzerland
Nine members; the chairwoman enjoys up to 20% work dispensation for work on the staff committee, the vice chairwoman up to 15% and the members up to 10%.


Swiss Life France
61 part-time members

Swiss Life Asset Managers France
Swiss Life Asset Management Ltd
A total of six members since 10 March 2016, of whom none has dispensation.

Swiss Life Real Estate Management SA
Eleven members since 27 April 2018, of whom none has dispensation.


Swiss Life Germany
The Works Council Internal Services (responsible for the German branch in Garching as well as Swiss Life Partner GmbH and Schweizer Leben PensionsManagement GmbH) is composed as follows:

Eleven members, of whom the Works Council chair with 100% work dispensation for Works Council activities.

The Works Council Sales Force is responsible for intermediary distribution at the branch office and is composed as follows:

Seven persons, of whom none has dispensation.

The Central Works Council as the overarching body of all operations consists of five persons (2 representatives of Works Council Internal Services, 2 representatives of Works Council Sales Force, 1 representative of the severely handicapped). The Central Works Council chair is also chair of the Works Council Internal Services, member of the business committee and national representative to the Europa Forum.

Asset Managers Germany
In March 2018, the workforces of Swiss Life Asset Management GmbH and Swiss Life Invest elected their own Works Council, consisting of three Works Council members. All members work without dispensation.

Corpus Sireo
The Works Council of Corpus Sireo Real Estate GmbH consists of eleven members, one member with 100% work dispensation (Works Council chair), all other members without dispensation.


Swiss Life Luxembourg
The number of employee representatives and the time required for their work are directly proportional to the number of employees. In the Global Solutions area in Luxembourg the future employee representation consists of five ordinary representatives and five deputies. The employee representatives have at their disposal 16 hours a week to exercise their mandate.

The Swiss Life Products team in Luxembourg has reached the threshold of 15 employees and will thus elect its own employee representation in 2019.

Asset Managers Luxembourg
The staff committee of Swiss Life Fund Management (LUX) S.A. consists of two active delegates, two deputy delegates and one security delegate. All delegates work without dispensation.