Basically, no. A fee of CHF 300 will only be charged in the event of early withdrawal in the context of home ownership promotion, unless the financing is provided by WIR Bank.
No. The custodian bank's custody fees are already included in the VIAC administration fee of 0.52% p.a.
Click on the function element "Profile" and select "Documents". Under "Transaction documents" you will find all charges.
No, none of the companies receive any kind of refunds, commissions or retrocessions.
No, you don't pay an administration fee on the cash part. The administration fee of 0.52% is only charged on the invested portion of your pension assets. Your retirement savings account is currently bearing interest of 0.1%. This interest rate is slightly lower than with the classic 3a account of WIR Bank, the "Terzo Konto".
The reason for this is that we do not want to invest our clients in bonds in the current low interest rate environment under any circumstances, as these are currently yielding a negative return after costs. In addition, bonds carry the risk of losses if interest rates rise. With the slightly lower interest rate, we were able to find a good solution with the WIR Bank, which allows everyone to benefit. Our clients have a positive return, pay no fee on the cash portion (a bond investment would be charged) and avoid interest rate risks. For its part, the WIR Bank can attract these funds at a slightly lower price and thus also benefits. Last but not least, we are happy to be able to offer our clients a guaranteed positive return on investment. A classic win-win situation!
PS: If someone wants to optimize further, you can only make the part of the contribution that you want to invest in equities and then choose the Global / Switzerland / Global Sustainable 100 strategy. The share that you then want to hold in cash can be invested with the bank of your choice; for example, in the classic Terzo account. Unfortunately, however, this is accompanied by a little extra effort and the pure equity exposure will then of course fluctuate much more - this would always have to be considered on a consolidated basis.
The VIAC management fee is calculated monthly on the basis of the average invested assets. No fee will be deducted from the amount in cash. The fee will be debited from your retirement savings account at the beginning of the following month. This does not require the sale of shares in index funds or ETFs, since part of the pension assets is always held in the interest-bearing cash account.
Yes, there is a fee. Due to VIAC's intelligent calculation system, the fee for foreign currency exchange is ideally 0%. This happens when foreign currency purchases and sales are of equal size across all customers in our monthly rebalancing. If the purchase and sale volumes are not identical, the bank will charge a commercial fee of up to a maximum of 0.75% on the difference to be traded for foreign currency exchange. The resulting costs are then distributed to all customers and thus already massively reduced (see Academy for details). Historically, the average annual cost over all strategies is less than 0.05%. Usually these fees are hidden from other providers and are not disclosed to the customer.
In case of the index funds and ETFs used, costs of 0.025% on average per year (standard strategies) are incurred within the funds. These product costs are included directly in the index fund or ETF prices. Including the administration fee of 0.52%, the total costs for a fully invested strategy are less than 0.54% (investment focus: Global and Switzerland). As a result, our product is up to 3 times cheaper than comparable competitor products.
The VIAC administration fee is 0.52% per annum on the invested pension assets. There is no administration fee on the cash portion. The administration fee covers the trading costs and the fees paid by the custodian bank for cash account and custody account management. This fee also includes all foundation administration fees, technology deployment and support. There are no transaction costs, retrocessions or other commissions.