Regarding the flat fee and the amount, you need to withdraw every year why not considering FinPension ?
Finpension have 2 foundations which allow you to split while staying with them.
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I have my pension money at Freizügigkeitsstiftung I and II of Finpension (Sitz = Schwyz). So, as @PhilMongoose already mentioned, this would already be 2 seperate foundations, satisfying your requirements.
I’ve never heard of any of your others for “Freizügigkeitsgelder”, my guess is, they are trustworthy but are going to be pricey and/or offer an inferior product.
Except for PensExpert (they offer PensFree), I’ve heard of them, but here I’d take a closer look at “relevate” (not PensFree), a newish product from PensExpert, which is closer to the product from Finpension (in investment possibilities and fees).
I’m considering “relevate” for some of my “Freizügigkeitsgelder” myself. Also Truewealth may finally launch their Freizügigkeits-product this year, their Stiftung is also Schwyz-based.
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Thanks for the info about the Finpension separate foundations. I’m fairly sure that I’ll use Finpension, but I thought it would be good to have a second provider to “spread the risk”. But if the FINMA depositor protection ensures that all funds belong to the client, then I suppose there is not additional risk with putting all my eggs in one basket. I already use TrueWealth for one of my 3rd pillar accounts, so interesting to know that they will soon have a vested benefits product, but I need to transfer my 2nd pillar in the next 6 months to avoid it going to the dreaded “Caisse Supplétive LPP” where I can no longer withdraw it as capital. I’ll check on the latest info for the TW product.
Can’t you just then transfer it to another VB account? And why couldn’t you withdraw it (it’s just like any VB account, it’s just the default one when people forget)
Edit: yeah like any VB, you can transfer to a different one or withdraw if you fulfill the conditions: Particuliers - Stiftung Auffangeinrichtung BVG
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You are correct, it can be withdrawn from the “Caisse Supplétive LPP”. The advice against allowing it to be sent there is simply that it has no option to invest in funds, and pays a very low interest rate on the cash, about 0.05% per year. Apparently it is meant to “protect” forgotten 2nd pillar funds.
I am retiring this year and I was talking to a financial advisor here in Geneva who provides advice to my company’s employees. He advised me to start withdrawing my multiple 3a accounts asap. He said that canton Vaud has started to treat withdrawals of multiple 3a accounts over multiple years as a single lump sum which removes the tax advantage of having multiple accounts. He thinks that Geneva may do the same in the near future. Has anyone here heard this story? I plan to withdraw my 3a accounts while resident in CH, and then withdraw my vested benefits accounts after moving abroad.
Tell me more…?! 
This is first time I am hearing something like this.
What I heard was that there was a proposal to allow partial 3a withdrawals which would make multiple accounts redundant. BUT trying to tax 3a withdrawals over multiple years as one year sounds completely opposite to what the law is. This Vaud announce tax law changes ?
Edit -: I did read on Poorswiss that Vaud only allows pension withdrawals over 3 year period.
It is. It’s where 2nd pillar funds go when you don’t give instructions otherwise. It should be the most boring, capital preservative and decision neutral it can be. It’s not meant to compete with private alternatives.
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All of them are well known and serious providers of 1e/vested account solutions.
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Quite the contrary. It’s a retirement scheme for employed people.
The concept of phased retirement is provided by law - and for both pillar 1, AHV/AVS and pillar 2 (recently) has been established as occurring in up to three step. Not 5 or 10.
In my opinion, it’s just a matter of when and how (quickly, difficult) tax administrations will follow suit and adopt similar practice, rather than if.
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But the discussion here is about Pillar 3 where 5 accounts recommendation is quite common
Is there a law about this too to restrict withdrawals to 3 years ?
Can you take a helicopter to commute to work?
No, of course not.
Doesn’t mean that tax authorities have to recognise more than 3 steps for your retirement when taxing it, though.
I can take helicopter to work:) a very small one though
trying to move the topic of staggered withdrawal of 3a to this existing thread:
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Custody accounts excluded
Unlike deposits, custody account assets (e.g. shares and fund units) belong to the client. By law, they are segregated entirely from the estate during the bankruptcy proceedings and returned to the client.
It’s more an exclusion, it’s basically saying it’s not a deposit and there is no insurance for it, just regular segregation.
(as a different example, in the US SIPC also insures securities not just deposits, but I’m not sure any other country has something similar).
That’s what I was getting at though.
Is finpension 3a Retirement Savings Foundation regulated by FINMA? No, it’s not.
So what if your funds aren’t actually invested in the funds your 3a provider claims? What if those fund units don’t exist, if your 3a provider just showed you colourful charts in-app? Or if they get hacked and lose customer data without backup?
When funds on vested benefits schemes are gone, they’re gone. And 3a schemes work very similarly.
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Personally, I decided a few years ago that I don‘t like finpension‘s approach to laws and regulations… and that out of this that I perspnally perceive a certain risk for moneys I held at Finpension. Meaning: i withdrew all my funds and moved to providers where I both consider the risk of bancrupcy or loss of data lower and where I consider the chances of getting my money back (aka how mich money they had, to absorb lawsuits or cover missing amounts from their books) signifficantly higher.
If you ask me, viac and frankly are the ways to go…
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