I just left a job with no other job lined up, and will be placing my 2nd Pillar assets into either VIAC, or FinPension, or both. I will be splitting the assets into two accounts. So either two accounts at FinPension (they allow that), or one account at FinPension and one at VIAC. For an Individual Strategy, it looks like these two accounts are very similar in terms of fund offerings and costs. Has anyone done a comparison of the two? The only difference I see:
FinPension charges a fee for withdrawal in the first year
FinPension allows to turn off rebalancing. I can’t find info on whether VIAC allows the same. Does anyone know?
VIAC only allows a 99% equity allocation for the extra-mandatory part, while FinPension allows it for all. But this might be circumvented if you only send the extra-mandatory to them? Not sure.
VIAC has local currency funds (eg. USD) which I like, while FinPension has exclusively CHF-hedged share classes. But I can’t fin any info if VIAC hedges the entire portolio.
Any information, opinion, experience super welcome
Are you sure? I couldn’t find this fee.
Aside - do u plan to withdraw within 1 year? Then going fully invested may be deemed a bit risky.
No, one can’t turn off rebalancing @ Viac.
Viac-mandatory allows max. 80% equity, but the remaining 19% can be RE, bonds, alternative etc., it doesn’t have to be 20% cash.
other people have answered this, but yes, Finpension is certainly not “exclusively CHF-hedged”.
As an extra, I transferred pots to Viac and Finpension.
Viac automatically made 2 portfolios at one Freizügigkeitsstiftung (mandatory and over-mandatory - it has to do that because mandatory pots has some portfolio limitations)
At Finpension it comes into one portfolio per Freizügigkeitsstiftung
I went for Viac and Finpension as a way to mitigate risk IMO. I went for ex-CH stuff only at Finpension, and then the mainly CH-stuff at Viac, resulting in only a smallish home bias IMO overall. CH-stuff at Viac due to limitations at Viac (40% CHF), foreign currency funds for foreign equity (=FX losses).
Sorry, maybe unclear.
BVG Anteil 200k (mandatory part)
split into 2 (for example 50:50) (one can choose any ratio)
It will look like this:
Viac mandatory 100k
Viac over-mandatory 150k
Finpension I 250k (40% mandatory)
It was not possible (in my case, and I think this is generally the case) to put mandatory to one and non-mandatory to another Stiftung, in each of the two pots the mandatory % is the same. You can split the amount freely, but not define where mandatory should go.
AFAIK When starting a new job and transferring from Viac, both amounts will be summed up, the total will be transferred with extra info “BVG Anteil Xk / mandatory”.
Just to add - on this I have the opposite opinion - local currency funds (US fund in USD) at Viac means you convert CHF’s when buying and convert back when selling = up to 1% FX loss, although they use netting to reduce this, it is not clear how much you are paying.
Finpension offers the unhedged CHF version of the US Fund, which is better, since the FX is done inside the fund, at much better rates.