BKB Study: Basel Residents Happy in Retirement but Lag in Planning

Basler Kantonalbank Partizipsch ( (CH:BSKP) ) has shared an update.

A new retirement study by Basler Kantonalbank and research institute Sotomo finds that people in the Basel region are generally happy and financially comfortable in old age, but often delay preparing for retirement. While a majority of retirees rate their finances as good and report high life satisfaction, many underestimate the need for early planning around income, pension vs. lump-sum choices, housing, and legal arrangements.

Four in ten people aged 50 to 64 lack a concrete retirement plan and over a third feel financially poorly prepared, with women more likely to feel inadequately prepared. The study shows growing importance of private pension provision via pillar 3a, rising balances and a shift from accounts into securities, especially among younger clients, underscoring BKB’s role in investment-based retirement solutions.

Key satisfaction drivers include opting for a pension rather than a lump-sum, suitable housing with good infrastructure, and stable social relationships, even as actual travel in retirement falls short of expectations. However, many respondents have not yet drawn up advance directives or settled estate issues, suggesting significant advisory potential for banks and highlighting the broader societal need for earlier, holistic retirement and succession planning in the Basel region.

More about Basler Kantonalbank Partizipsch

Basler Kantonalbank is a Swiss regional bank based in Basel, serving retail and private clients with banking and wealth-management services. It offers savings, lending, mortgage and pension solutions, with a particular focus on retirement planning and private pension products such as pillar 3a for customers in the Basel region.

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