The purpose of the company is to provide services in the residential sector, particularly for life in old age. The company may establish branches and subsidiaries in Switzerland and abroad. The company may also conclude transactions with other group companies without adequate compensation, in particular with its direct or indirect shareholders and other related companies, even if these transactions are partially or exclusively in the interest of these other group companies. The company may, in particular, grant loans to group companies or provide guarantees or other securities of any kind for their liabilities, as well as participate in cash pooling agreements. The company may acquire, manage, encumber and sell real estate in Switzerland and abroad. Furthermore, the company may engage in all activities that are directly or indirectly related to the aforementioned purpose of the company.