(1) This is not completely true. We are using index funds for many asset classes already. And through pooling and netting the effective stamp duties are lower than the nominal values of stamp duty.
(2) See our earlier answer: for low-risk profiles, the effect is 0.02% p.a. whereas for higher-risk profiles it goes up to 0.14% p.a.
(3) This is not a temporary offer – our plan is to stick with it and improve it even more the future by for example using even more (pension) index funds. In the history of True Wealth, we have never increased fees for any of our offerings, but instead reduced prices two times already (minimum fees and introduced degressive pricing). Extracts from our webpage:
- We believe: If you manage your third pillar with us, then sooner or later you will also entrust us with your free assets – this saves us advertising costs, which we prefer to spend on a better return on your pension provision. We charge a small fee for the free assets, but even this is extremely competitive thanks to automation.
- In existing client relationships, we do not incur any costs if we also manage a Pillar 3a. We are allowed to manage the funds ourselves because we have FINMA authorisation as an asset manager of pension assets – and therefore no one has to pay external licence fees.
This applies to the currency exposure of the fund (and not to the trading currency).