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Vested benefits investment comparison Switzerland 2026: funds and fees

Vested benefits investment comparison
Updated on

Compare the performance and fees of 263 vested benefits funds and investment strategies from 33 providers — independent, free and up to date.

A vested benefits investment account pays off when your pension fund assets are likely to stay outside a pension fund for several years. Unlike the vested benefits account, which pays interest on your balance, here you invest it in securities: with higher return potential, but also price fluctuations.

A vested benefits account instead of investing?

A vested benefits account instead of investing?

Find the right Swiss vested benefits account.

263 vested benefits funds compared

Data as of:

Descartes Logo

Descartes Index Responsible 100

Descartes

40.9 %Performance: 5 years
Fees
0.64 %
Equity share
100 %
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VIAC Logo

VIAC Global 100

VIAC

39.6 %Performance: 5 years
Fees
0.41 %
Equity share
100 %
Visit provider
Available only for extra-mandatory assets
VIAC Logo

VIAC Global Nachhaltig 100

VIAC

39.0 %Performance: 5 years
Fees
0.42 %
Equity share
100 %
Visit provider
Available only for extra-mandatory assets
Descartes Logo

Descartes Index Responsible 80

Descartes

38.0 %Performance: 5 years
Fees
0.67 %
Equity share
80 %
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VIAC Logo

VIAC Global 80

VIAC

37.6 %Performance: 5 years
Fees
0.42 %
Equity share
80 %
SZKB – Schwyzer Kantonalbank Logo

SZKB Indexanlagen Kapitalgewinn V

SZKB

36.4 %Performance: 5 years
Fees
0.41 %
Equity share
95 %
finpension Logo

finpension Global 100

finpension

34.7 %Performance: 5 years
Fees
0.49 %
Equity share
100 %
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Frankly Logo

frankly Strong 75 Responsible

frankly

34.5 %Performance: 5 years
Fees
0.45 %
Equity share
75 %
BEKB – Berner Kantonalbank Logo

BEKB Strategiefonds Nachhaltig 90 (Vorsorge B)

BEKB

33.2 %Performance: 5 years
Fees
1.55 %
Equity share
90 %
VIAC Logo

VIAC Global Nachhaltig 80

VIAC

33.2 %Performance: 5 years
Fees
0.42 %
Equity share
80 %
finpension Logo

finpension Nachhaltig 100

finpension

32.8 %Performance: 5 years
Fees
0.49 %
Equity share
100 %
View deal
VIAC Logo

VIAC Schweiz 80

VIAC

32.6 %Performance: 5 years
Fees
0.42 %
Equity share
80 %
Frankly Logo

frankly Strong 75 Index

frankly

31.8 %Performance: 5 years
Fees
0.47 %
Equity share
75 %
Pilla by Crédit Agricole next bank Logo

Pilla Selection Index 95

Pilla

31.7 %Performance: 5 years
Fees
0.71 %
Equity share
95 %
FKB – Freiburger Kantonalbank Logo

FKB (CH) Active Dynamic AP

FKB

31.4 %Performance: 5 years
Fees
1.24 %
Equity share
65 %
VIAC Logo

VIAC Global 60

VIAC

31.3 %Performance: 5 years
Fees
0.41 %
Equity share
60 %
VIAC Logo

VIAC Schweiz 100

VIAC

31.3 %Performance: 5 years
Fees
0.44 %
Equity share
100 %
Visit provider
Available only for extra-mandatory assets
VZ Vermögenszentrum Logo

VZ BVG Indexanlagen 100

VZ

31.3 %Performance: 5 years
Fees
1.00 %
Equity share
100 %
ZKB – Zürcher Kantonalbank Logo

Swisscanto BVG 3 Responsible Portfolio 75 RT

ZKB

29.8 %Performance: 5 years
Fees
1.02 %
Equity share
75 %
LUKB - Luzerner Kantonalbank Logo

LUKB Expert-Vorsorge 75

LUKB

29.8 %Performance: 5 years
Fees
1.05 %
Equity share
75 %
ZKB – Zürcher Kantonalbank Logo

Swisscanto (CH) IPF III Vorsorge Fonds 75 Passiv VT

ZKB

29.3 %Performance: 5 years
Fees
0.72 %
Equity share
75 %
Liberty Logo

Liberty FZ Champ Max100

Liberty

29.1 %Performance: 5 years
Fees
1.05 %
Equity share
100 %
UBS Logo

UBS Vitainvest World 100 Sustainable

UBS

29.0 %Performance: 5 years
Fees
1.62 %
Equity share
100 %
VIAC Logo

VIAC Schweiz 60

VIAC

28.2 %Performance: 5 years
Fees
0.41 %
Equity share
60 %
Migros Bank Logo

Migros Bank (CH) Fonds 85 V

Migros Bank

28.1 %Performance: 5 years
Fees
0.90 %
Equity share
85 %
finpension Logo

finpension Schweiz 100

finpension

27.9 %Performance: 5 years
Fees
0.49 %
Equity share
100 %
View deal
VIAC Logo

VIAC Global Nachhaltig 60

VIAC

27.6 %Performance: 5 years
Fees
0.41 %
Equity share
60 %
TKB – Thurgauer Kantonalbank Logo

TKB Vermögensverwaltung Fonds – Aktien (CHF) V

TKB

27.4 %Performance: 5 years
Fees
1.05 %
Equity share
97 %
SZKB – Schwyzer Kantonalbank Logo

SZKB Strategiefonds Wachstum V

SZKB

26.6 %Performance: 5 years
Fees
1.22 %
Equity share
62.5 %
Descartes Logo

Descartes Minimum Risk BTC 100

Descartes

26.3 %Performance: 5 years
Fees
0.74 %
Equity share
100 %
View deal
GLKB – Glarner Kantonalbank Logo

freeME – GLKB Schweiz 85

GLKB

26.2 %Performance: 5 years
Fees
0.80 %
Equity share
85 %
finpension Logo

finpension Global 80

finpension

26.2 %Performance: 5 years
Fees
0.49 %
Equity share
80 %
View deal
GKB – Graubündner Kantonalbank Logo

GKB (CH) Strategiefonds Kapitalgewinn ESG V

GKB

25.3 %Performance: 5 years
Fees
1.15 %
Equity share
98 %
PostFinance Logo

PostFinance Pension – ESG 75 Fund

PostFinance

25.2 %Performance: 5 years
Fees
1.30 %
Equity share
75 %
finpension Logo

finpension Nachhaltig 80

finpension

24.8 %Performance: 5 years
Fees
0.49 %
Equity share
80 %
View deal
Swiss Life Logo

Swiss Life BVG-Mix 75

Swiss Life

24.7 %Performance: 5 years
Fees
1.30 %
Equity share
75 %
VIAC Logo

VIAC Global 40

VIAC

24.6 %Performance: 5 years
Fees
0.41 %
Equity share
40 %
GLKB – Glarner Kantonalbank Logo

freeME – GLKB Standard 85

GLKB

24.6 %Performance: 5 years
Fees
0.88 %
Equity share
85 %
Descartes Logo

Descartes Index Responsible 60

Descartes

24.6 %Performance: 5 years
Fees
0.65 %
Equity share
60 %
View deal
Pilla by Crédit Agricole next bank Logo

Pilla Selection Index 75

Pilla

24.4 %Performance: 5 years
Fees
0.73 %
Equity share
75 %

Source: provider websites, product documents and direct information from providers, as of .

All information without guarantee. Past performance is no indicator of future results, prices can fluctuate. Evaluno earns a commission when an account is opened through some of these links. This does not change the results or their ranking. Evaluno’s methodology

What is a vested benefits investment account?

A vested benefits investment account is a securities custody account for your pension fund assets from the second pillar. Unlike the vested benefits account, your balance doesn’t earn a fixed interest rate but is invested in pension funds: funds launched specifically for pension assets that follow the investment rules of occupational pension provision (BVV 2). You can’t buy individual shares; the choice is legally limited to approved funds and investment groups of investment foundations.

A vested benefits investment account is always held by a vested benefits foundation: either a bank’s own foundation or an independent one, as with the digital providers. With many digital providers, you now open the account entirely online.

A vested benefits investment account is used in the same situations as the vested benefits account: a longer career break, taking up self-employment, early retirement, after emigrating or during longer unemployment. Here too, you can’t pay in yourself. Your balance develops with the financial markets, after deduction of fees — which is exactly why comparing pays off.

Vested benefits account or investment account: how to decide

If your balance is likely to remain in vested benefits for less than three years, the interest-bearing account is the safe choice: you could hardly recover price losses in such a short time. From around five years, an investment account offers considerably higher return potential. Typical situations with a long horizon are early retirement, a multi-year career break or emigrating to an EU/EFTA state, where the mandatory part of your balance remains locked until five years before the reference age at the earliest, as long as you are compulsorily insured there.

You’ll find all interest rates in the vested benefits account comparison.

How to find the best vested benefits investment account

Two criteria in particular decide which vested benefits fund and provider pay off for you: the total costs and the investment strategy.

Total costs: several fee levels to watch

With a vested benefits investment account, you pay on up to three levels: the product costs of the fund or investment strategy (TER = a fund’s total annual costs), any custody or management fees, and at some providers additional issuing or redemption commissions. What counts is the sum: total costs in the market range from around 0.4 % to 1.7 % per year. With a balance of CHF 200'000, that is a cost difference of CHF 2'600 per year — more than CHF 26'000 over ten years.

Investment strategy: the equity share must match your risk appetite and investment horizon

The equity share (= the portion of the fund’s assets invested in equities) determines return potential and the range of fluctuation. The offering ranges from conservative strategies without equities to a 100 % equity share at some providers. Which share suits you depends on two things: your investment horizon and your risk appetite. The horizon sets the frame: the longer your money stays invested, the better you can sit out price declines. At five years a medium share makes sense; at ten years and more, much speaks for a high equity share. Your risk appetite decides within that frame: a long horizon allows a high equity share but doesn’t require it. Anyone who can’t stomach an interim loss of 30 % or more and switches to another strategy or a vested benefits account in a weak market phase realises the loss precisely when it is largest.

Note: funds and investment strategies with more than 50 % equities count legally as extended investment options and are only unlocked once your risk profile with the provider shows the necessary risk capacity.

How safe is a vested benefits investment account?

With a vested benefits investment account, two types of risk need to be distinguished: the insolvency risk of the provider and the investment risk. Against the first, you are well protected. Your fund units count legally as segregated assets (= they belong to you and don’t fall into the bankruptcy estate if the provider fails), regardless of the amount. Unlike with the vested benefits account, the CHF 100'000 limit therefore hardly matters: it only concerns the uninvested cash portion, which enjoys bankruptcy privilege together with your other pension assets at the same bank. The second risk you bear yourself: price losses are part of every securities investment and are not covered by any guarantee.

Frequently asked questions

That depends on your investment horizon: if your balance is likely to remain in vested benefits for less than around three years, the interest-bearing vested benefits account is the safe choice. From around five years — for example in the case of early retirement, a longer career break or after emigrating — a vested benefits investment account offers higher return potential, but with price risk.

The best vested benefits investment account combines low total costs with an investment strategy that matches your investment horizon. Compare in particular the total costs (product costs plus management fees) and the available equity shares. You can also make sure to choose a provider that doesn’t charge issuing and redemption commissions.

VIAC currently offers the cheapest vested benefits investment account in the comparison, with total costs of 0.40–0.42 % per year (as of 30 June 2026). Close behind follow frankly (from 0.43 %) and finpension (0.49 %). Total costs in the market go up to 1.71 % per year. Since providers adjust their fees continuously, you’ll find the current figures in the table above.

Permitted are pension funds and investment groups of investment foundations that comply with the investment rules of occupational pension provision (BVV 2). You can’t buy individual shares; the choice is limited to approved pension investments. The law caps the equity share at 50 % in principle. Strategies with a higher equity share of up to 100 % are permitted but count as extended investment options and require a corresponding risk profile. The provider checks this via a questionnaire on your risk capacity and risk appetite before unlocking the strategy.

Yes, indirectly: many providers such as finpension, frankly or VIAC use index funds or ETFs in their strategies. As a rule, you choose a ready-made strategy with the equity share and investment region that suit you.

For the invested assets, yes: your fund units are segregated assets and remain your property in the event of bankruptcy, regardless of whether a bank or a foundation is behind it. One difference concerns only uninvested cash. At a bank, it enjoys bankruptcy privilege together with your other pension assets up to CHF 100'000. A pure vested benefits foundation holds the cash portion at a custodian bank, for which the same privilege applies.

No. During the term, you pay neither income tax nor wealth tax on your investment account; dividends and interest income within the fund are also tax-free. Only the payout is taxed, separately from your other income and at a reduced rate.

If you join a pension fund again, you are legally obliged to transfer your vested benefits into the new pension fund. Your fund units are sold for this purpose and the proceeds are transferred.

Open the vested benefits investment account with the new provider and instruct your current vested benefits institution to make the transfer. The entire balance of an account is always transferred; some providers charge a closure fee for it. Once the money has arrived, you set the investment strategy and the balance is invested.

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