in the past days I have seen that a new proposal of low-cost third pillar has been made from UBS.
In detail, finally, also UBS decided to provided Passive investment strategies. Here the link of the most extreme product, with 100% stocks. on the contrary I have seen they offer a series of funds, very similar to the various Fintech companies (VIAC, Finpension,…).
If what I see there is confirmed, it seems now to be very competitive against the above mentioned Fintech companies. 0.25%+0.18%=0.43%.
Just as a reference, VIAC is now the Global 100 at 0.45%.
If confirmed, this may be very positive news for us (the customer), yet quite challenging for the various fintech. any comment?
Do you expect also Credit Suisse to follow? Now CS is providing some passive fund (up to 75%), but costs are still on the order of 1%.
Do you guys see any trap o could not identify?