Pillar 3a – Finpension, Viac, Frankly comparison

Finpension, Viac and Frankly have the lowest fees. What are the differences in 2022?

Finpension


VIAC 3a 

Frankly

Annual Fee with VAT (inluding TER)

Max equities allocation

0.44%

(finpension 100)

0.45%

(Global 100)

0.48%

(Extreme 95)

60% equities/40% bonds

0.43%

(finpension 60)

0.45%

(Personnalized strategy*)

0.49%

(Moderate 45 Index)

40% equities/60% bonds

0.43%

(finpension 40)

0.45%

(Personnalized strategy*)

0.49%

(Moderate 45 Index)

50% equities/50% cash

Not possible**

0.30%

0.46%

(interest on cash 0.05%)

=> negative returns

100% cash

Not possible**

Free (interest on cash 0.1%)

0.46%

(interest on cash 0.05%)

=> negative returns

Currency exchange fees

Yes, ~ 0.05%

Yes, avg 0.25% (up to 0.50%)

Yes, not disclosed

Funds

Number of funds available

+ 35

+ 40

9

Personalized strategies (mix of funds)

Max. % of equities (hedged or unhedged)

99%

97%

95%

Max allocation in foreign currency (unhedged)

99%

60%

30%

Transaction (buy/sell)

Once a week

Once a week

Each 1-3 business days

Currency hedging

Possible

Possible

Always, reduce returns by ~0.40 -1.20% yearly***

Funds style

Passive

Passive

Active/Passive

Fund provider(s)

Credit Suisse, CryptoFinance

Credit Suisse, UBS, iShares

Swisscanto/ZKB

Crypto fund

ESG

ESG funds available

(only active funds)

Platforms

Web interface

Mobile app

Support

Hotline

Email

Other services

Multiple accounts (up to 5)

Free death OR invalidity insurance 

Mortgage 

Refer a friend reward

Location

Schwyz

Basel

Zurich

Launched date

2020

2017

2020

Assets under management

+1 billion 

+1.6 billion

+1.1 billion

* VIAC doesn’t include bond funds in their strategies due to the low yields and replaces them with cash. However, it is possible to create a personalized strategy with bonds.
** Cash could be replaced with a market fund (CSIMF Money Market CHF ZB), however Money Market funds offer negative performance
*** The impact on performance is linked to the interest level USD/CHF. Moreover, rollings cost occurred to maintain the hedging. See https://www.investopedia.com/terms/r/rolling_hedge.asp


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