Hi all
Some time ago I had to transfer my pillar 2 to a vested benefits account.
I chose Finepension for that and my second pillar is now invested into a vested account.
I am charged 0.49% as administrative fee or 490 CHF for a 100k account.
is there any alternative with lower fees? Is this fee acceptable and considered low for vested benefits accounts?
Thanks for your inputs
If you’re planning to use the account long term (years) and want to invest in equity the fee is ok.
If you’re parking your pillar between jobs, imo it’s better to put it at eg a bank which will have low/no return (but also won’t lose money) and no fee.
Makes sense thanks. It’s long term and 100% equity investment.
For 99% equity in Vested Benefits, a 0.49% fee is damn fine IMO. Reason - it’s a lot better than anything that was available a few years ago, and since it includes TER, FX & transaction costs, it is maybe 0.2% more expensive than an ETF at a Swiss broker outside of VB (almost a negligible difference).
Viac theoretically charges only 0.4% but they have may have some “charges” for FX and limit your choices more than Finpension does (for example bonds, % foreign holdings), so probably mini-difference in the end.
All other VB providers are more expensive.
It made me think. Is it possible to negotiate the fee down? Did anyone try?
I guess if you have a big enough portfolio and threaten to leave them then maybe they can do something