If I'm looking to transfer my pension into a vested benefits account, is there a provider you would recommend? I'd look to split the pot into 2 and have it with two different providers.
I only know of these two fintech companies.
I've also had a look at Liberty ... they have quite a good model.
Use both, much of a muchness with them. Finpension you can have a crypto fund if that's of interest, which you cant with VIAC
I'm somewhat ignorant about what precisely a vested benefits account is, however as for fintech, I've done some investing with SwissQuote and have largely been satisfied with them as a company (costs, products, etc... were reasonable).
Not as low cost as VIAC or Finpension though. Perhaps worth looking at.
to be clear, i'm not really looking for a fintech solution. maybe the opposite. i heard of viac and finpension, because they have a lot of marketing and PR.
i'm wondering if there are some 'should look at' options that i am not aware of.
why do you need a vested benefits account? I know of the typical reasons (between jobs, self-employed, moving out of CH, etc) but if one is full time employed how is this applicable or when is it interesting to have a vested benefits account? are there are tax benefits here or is it more of a growth strategy?
Aha. So I'll tell you what I know, perhaps it's helpful.
VIAC and Finpension are low-cost and flexible 3rd pillar providers. They'll take you if you don't have Swiss citizenship. I don't think they do anything other than 3rd pillar accounts, but I could be mistaken.
SwissQuote is a more traditional investing company, along the lines of Charles Schwab, Fidelity, or Vanguard. They might also do 3rd pillar accounts, but I cannot say.
i'm looking to retire and park the funds until i reach pension age.
EDIT: there are tax advantages to having multiple pots as you can stagger withdrawals and reduce the effective tax rate. i saw one calcualtion with 57% tax saving.
Not possible. You can merge but you can't split.
But you can have additional accounts if you don't have your existing one transferred to the new employer's 2nd pillar agent.
Well, actually, it depends on the current pension fund set up. Many companies have a 2- or more-tier model with the first one covering income up to a certain level (such as ... 150K CHF). Then a second one for income above that, which has more flexibility but also does not guarantee an annuity, only a lump-sum payout.
From such situation, you can deliver each part into a different vested benefit account/provider.
Otherwise, no splitting is possible.
take a look here: https://finpension.ch/en/how-to-spli…-pension-fund/
Both do 2nd pillar vested benefit accounts also