Large cost differences for pillar 3a pension funds according to study
Published: Thursday, Nov 16th 2023, 11:00
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In the third pillar, there are major differences in the costs of 3a pension funds. According to a study by the internet comparison portal Moneyland, the most expensive pension fund is more than four times as expensive as the cheapest.
To this end, Moneyland calculated the total costs of 85 Swiss pension funds. In addition to the product costs of the individual funds, the total costs include other relevant costs such as issue, custody, flat-rate and redemption fees.
The most expensive fund achieved total costs of almost 1.7 percent per year, as Moneyland announced in a press release on Thursday. For an investment of 100,000 francs over 10 years, the total costs for this equity fund amount to 1690 francs per year.
In contrast, the cheapest Swiss 3a equity fund for the same investment amount costs just CHF 350 per year, or 0.35 percent. The most expensive pension fund in Switzerland is therefore more than four times as expensive as the cheapest, Moneyland wrote.
On average, the total costs of the funds examined amounted to 1.07 percent per year. This means that traditional pension funds are still expensive overall.
Moneyland noted that overall costs had only fallen slightly compared to the previous year. With regard to issue and redemption fees, there were a few providers who had reduced or abolished these fees. These are one-off costs that are incurred when buying and selling fund units.
Pension apps sometimes cheaper
Active funds are almost twice as expensive as passive funds: actively managed funds cost an average of 1.15 percent per year, while passively managed funds such as ETFs cost an average of 0.65 percent per year.
Investment apps are even cheaper, they said: the cheapest pension app has total costs of just 0.15 percent per year. This makes it seven times cheaper than an average pension fund. However, the most expensive app costs up to 1.27 percent per year
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