The fact that there is no KYC, and that Finpension managed to overinvest several people… these are my two no-goes.
Imagine there was a typo in your Birthday when you opened your account. As you retire 30 years later you realise that they refuse to pay your money back… or if you don‘t have a unique name, it could easily happen that soneone opened a new 3a account and just transferred you funds over there to his account. Finpension has no means of verifying signatures and the money was just gone.
Or even more severe, tgere are two „Hans Müllers“ with the same birthday, one can easily retire and burn the others money. Not sure if iOS push or e-mails would still be read by us once we are 60+ and mentalky probably less sound. Clearly, you could probably try to get it back as long as it remained within the 3a world… but still.
Read from two individuals here that invested on 2nd as well as 3rd pillar with them. Both ended up with more than 100% of assets and negative cash. This is just not professional.
I see Material risks that finpension somewhen ends up facing legal action… and by that time, I wouldnt want to be their customer.