{"id":8587,"date":"2024-02-01T21:10:00","date_gmt":"2024-02-01T20:10:00","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/frankly-free-movement-experience-2024\/"},"modified":"2025-03-02T14:04:33","modified_gmt":"2025-03-02T13:04:33","slug":"frankly-free-movement-experience-2024","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/frankly-free-movement-experience-2024\/","title":{"rendered":"Frankly free movement experience 2025"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Lesedauer<\/span> <span class=\"rt-time\"> 6<\/span> <span class=\"rt-label rt-postfix\">Minuten<\/span><\/span>\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-866d8ba\" data-block-id=\"866d8ba\"><p class=\"stk-block-text__text\">frankly vested benefits is a relatively new product from ZKB. frankly has long been established for pillar 3a. Now ZKB wants to grow in another market with frankly Vested Benefits. Find out whether the offer is worthwhile for you.     <\/p><\/div>\n\n<!--more-->\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-a94e1d0\" id=\"frankly-freizugigkeit-im-uberblick\" data-block-id=\"a94e1d0\"><h2 class=\"stk-block-heading__text\">frankly freedom of movement at a glance<\/h2><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-6bafac4\" data-block-id=\"6bafac4\"><p class=\"stk-block-text__text\">frankly is an offer from Z\u00fcrcher Kantonalbank (ZKB). They launched frankly pillar 3a a few years ago. We have already <a href=\"https:\/\/www.smolio.ch\/wissen\/frankly-saeule-3a-erfahrungen-review-2024\/\">reviewed<\/a> it in detail in another article.    <\/p><\/div>\n\n<nav class=\"wp-block-stackable-table-of-contents stk-block-table-of-contents stk-block stk-f7f7cbd stk-block-background\" data-block-id=\"f7f7cbd\"><p class=\"stk-table-of-contents__title\">We clarify these topics in the article on frankly free movement experiences:<\/p><ul class=\"stk-table-of-contents__table\"><li><a href=\"#frankly-freizugigkeit-im-uberblick\">frankly freedom of movement at a glance<\/a><ul><\/ul><\/li><li><a href=\"#vorteile-von-frankly-freizugigkeit\">Advantages of frankly freedom of movement<\/a><ul><li><a href=\"#sehr-hohe-sicherheit-deiner-freizugigkeitsleistung\">Very high security of your vested benefits<\/a><\/li><li><a href=\"#gunstige-pauschalgebuhr\">Favorable flat fee<\/a><\/li><li><a href=\"#selbststandiger-investitionsmodus-moglich\">Independent investment mode possible<\/a><\/li><\/ul><\/li><li><a href=\"#nachteile-von-frankly-freizugigkeit\">Disadvantages of frankly free movement<\/a><ul><li><a href=\"#pauschalgebuhr-schliesst-nicht-alles-ein\">Flat-rate fee does not include everything<\/a><\/li><li><a href=\"#maximale-aktienquote-von-75\">Maximum equity ratio of 75%<\/a><\/li><li><a href=\"#wenig-transparenz-uber-die-swisscanto-zielfonds\">Little transparency about the Swisscanto target funds<\/a><\/li><li><a href=\"#erzwungene-absicherung-der-fremdwahrungsrisiken\">Forced hedging of foreign currency risks<\/a><\/li><li><a href=\"#kein-steueroptimierter-sitz-der-stiftung\">No tax-optimized domicile of the foundation<\/a><\/li><\/ul><\/li><li><a href=\"#frankly-freizugigkeit-eroffnen\">frankly open up freedom of movement<\/a><\/li><li><a href=\"#zusammenfassung-und-rezension-frankly-freizugigkeit-erfahrungen-2025\">Summary and review frankly Free movement experiences 2025<\/a><ul><\/ul><\/li><\/ul><\/nav>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-f21c760\" data-block-id=\"f21c760\"><p class=\"stk-block-text__text\">A frankly vested benefits solution has also been available since June 2023. You can find everything you need to know about vested benefits solutions on this <a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/vested-benefits-account\/\">topic page<\/a>, including a <a href=\"https:\/\/www.smolio.ch\/wissen\/freizuegigkeitskonto-vergleich-freizuegigkeitsdepot-2024\/\">comparison of providers<\/a> and tips on <a href=\"https:\/\/www.smolio.ch\/en\/wissen\/withdraw-from-a-vested-benefits-account-save-taxes-on-withdrawals\/\">tax optimization<\/a> when withdrawing your vested benefits.   <\/p><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-5a29d2f\" data-block-id=\"5a29d2f\"><p class=\"stk-block-text__text\">But now to the review of frankly permissiveness. You can choose between a frankly vested benefits account in cash (&#8220;FZ Cash&#8221;) and a frankly vested benefits solution with securities.  <\/p><\/div>\n\n<ul class=\"wp-block-list\" data-block-type=\"core\">\n<li data-block-type=\"core\">With the <strong>frankly vested benefits account<\/strong>, you receive an interest rate of 0.05 % (as of March 1, 2025). Account management is free of charge. And this is how you get it: open frankly and select the risk level &#8220;0 = cash without risk&#8221; in the &#8220;Account opening&#8221; step in assisted mode.  <\/li>\n\n\n\n<li data-block-type=\"core\">The <strong>frankly vested benefits solution<\/strong> can be based on active or passive investment products. You can choose a minimum equity allocation of 15% and a maximum of 75% as your investment strategy. These are the same investment products as the pillar 3a solution described in this <a href=\"https:\/\/www.smolio.ch\/wissen\/frankly-saeule-3a-erfahrungen-review-2024\/\">article<\/a>.  <\/li>\n<\/ul>\n\n<p data-block-type=\"core\"><\/p>\n\n<div class=\"wp-block-ugb-container ugb-container ugb-6a5a4d2 ugb-container--v2 ugb-container--design-basic ugb-main-block\" data-block-type=\"core\" data-block-type=\"core\"><style>.ugb-6a5a4d2-wrapper.ugb-container__wrapper{border-radius:0px !important;background-color:#02b875 !important}.ugb-6a5a4d2-wrapper.ugb-container__wrapper:before{background-color:#02b875 !important}.ugb-6a5a4d2 h1,.ugb-6a5a4d2 h2,.ugb-6a5a4d2 h3,.ugb-6a5a4d2 h4,.ugb-6a5a4d2 h5,.ugb-6a5a4d2 h6{color:#ffffff}.ugb-6a5a4d2 p,.ugb-6a5a4d2 li,.ugb-6a5a4d2 label,.ugb-6a5a4d2 table{color:#ffffff}.ugb-6a5a4d2-content-wrapper > h1,.ugb-6a5a4d2-content-wrapper > h2,.ugb-6a5a4d2-content-wrapper > h3,.ugb-6a5a4d2-content-wrapper > h4,.ugb-6a5a4d2-content-wrapper > h5,.ugb-6a5a4d2-content-wrapper > h6{color:#ffffff}.ugb-6a5a4d2-content-wrapper > p,.ugb-6a5a4d2-content-wrapper > ol li,.ugb-6a5a4d2-content-wrapper > ul li{color:#ffffff}.ugb-6a5a4d2 a,.ugb-6a5a4d2 a:visited,.ugb-6a5a4d2 a:focus{color:#ffffff}<\/style><div class=\"ugb-inner-block\"><div class=\"ugb-block-content\"><div class=\"ugb-container__wrapper ugb-6a5a4d2-wrapper\"><div class=\"ugb-container__side\"><div class=\"ugb-container__content-wrapper ugb-6a5a4d2-content-wrapper\">\n<h3 class=\"wp-block-heading\" id=\"h-mit-frankly-gutscheincode-smolio-von-35-franken-rabatt-auf-gebuhren-profitieren\"><strong>Benefit from a 35 franc discount on fees with frankly voucher code SMOLIO  <\/strong><\/h3>\n\n\n\n<p data-block-type=\"core\">Simply use the code <strong>SMOLIO<\/strong> for your welcome bonus of CHF 35 when you open your account. You will automatically be entered into the prize draw for CHF 1,000. Only redeemable for frankly new customers when opening their first account within 48 hours. There is no all-in fee for Cash. Code cannot be combined with other voucher codes. Valid until 31.12.2025. Information on the competition at <a href=\"https:\/\/www.frankly.ch\/de\/teilnahmebedingungen-gws.html\" target=\"_blank\" rel=\"noopener\">frankly.ch\/gws.<\/a>      <\/p>\n\n\n\n<div class=\"wp-block-stackable-button-group stk-block-button-group stk-block stk-618dda8\" data-block-id=\"618dda8\"><style>.stk-618dda8 .stk-button-group{flex-direction:row !important;}@media screen and (max-width: 1023px){.stk-618dda8 .stk-button-group{flex-direction:row !important;}}@media screen and (max-width: 767px){.stk-618dda8 .stk-button-group{flex-direction:row !important;}}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-button-group\">\n<div class=\"wp-block-stackable-button stk-block-button stk-block stk-5c963c9\" data-block-id=\"5c963c9\"><style>.stk-5c963c9 .stk-button{background:#192483 !important;border-top-left-radius:30px !important;border-top-right-radius:30px !important;border-bottom-right-radius:30px !important;border-bottom-left-radius:30px !important;}<\/style><a class=\"stk-link stk-button stk--hover-effect-darken\" href=\"https:\/\/my.frankly.ch\/landing-page\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"stk-button__inner-text\">Frankly freedom of movement  <\/span><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n\n<div class=\"aligncenter wp-block-ugb-container ugb-container ugb-3c1c7a0 ugb-container--v2 ugb-container--design-basic ugb-main-block\" data-block-type=\"core\" data-block-type=\"core\"><style>.ugb-3c1c7a0-wrapper.ugb-container__wrapper{border-radius:0px !important}.ugb-3c1c7a0 h1,.ugb-3c1c7a0 h2,.ugb-3c1c7a0 h3,.ugb-3c1c7a0 h4,.ugb-3c1c7a0 h5,.ugb-3c1c7a0 h6{color:#000000}.ugb-3c1c7a0 p,.ugb-3c1c7a0 li,.ugb-3c1c7a0 label,.ugb-3c1c7a0 table{color:#000000}.ugb-3c1c7a0-content-wrapper > h1,.ugb-3c1c7a0-content-wrapper > h2,.ugb-3c1c7a0-content-wrapper > h3,.ugb-3c1c7a0-content-wrapper > h4,.ugb-3c1c7a0-content-wrapper > h5,.ugb-3c1c7a0-content-wrapper > h6{color:#000000}.ugb-3c1c7a0-content-wrapper > p,.ugb-3c1c7a0-content-wrapper > ol li,.ugb-3c1c7a0-content-wrapper > ul li{color:#000000}.ugb-3c1c7a0 a,.ugb-3c1c7a0 a:visited,.ugb-3c1c7a0 a:focus{color:#000000}<\/style><div class=\"ugb-inner-block\"><div class=\"ugb-block-content\"><div class=\"ugb-container__wrapper ugb-3c1c7a0-wrapper\"><div class=\"ugb-container__side\"><div class=\"ugb-container__content-wrapper ugb-3c1c7a0-content-wrapper\">\n<h4 class=\"wp-block-heading has-black-smolio-color has-text-color has-small-font-size\" id=\"h-hinweis\">Notice <\/h4>\n\n\n\n<p class=\"has-black-smolio-color has-text-color\" id=\"h-unser-tipp-gut-rechnen-ist-angesagtfalls-du-die-effektiven-kosten-f-rs-arbeitszimmer-abziehst-verlierst-du-den-pauschal-abzug-f-r-die-berufskosten-denn-es-geht-nur-entweder-abzug-der-effektien-kosten-oder-pauschalabzug-f-r-homeoffice-tage-kannst-du-auch-keine-fahrtkosten-abziehen-rechne-daher-gut-nach-was-dir-den-h-heren-abzug-bringt-vermutlich-f-hrst-du-in-den-meisten-f-llen-besser-mit-dem-pauschalabzug\" data-block-type=\"core\">Wir sind dir dankbar, wenn du bei einer Kontoer\u00f6ffnung unseren Code nutzt. Wir erhalten dann eine kleine <a href=\"https:\/\/www.smolio.ch\/experten-netzwerk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Verg\u00fctung<\/a>. F\u00fcr dich wird es dadurch nicht teurer und wir k\u00f6nnen die Kosten f\u00fcr den Betrieb der Plattform decken. Wir freuen uns auch, wenn du uns einen <a href=\"https:\/\/buymeacoffee.com\/smolio\" target=\"_blank\" rel=\"noreferrer noopener\">Kaffee spendierst<\/a> \u2615\ufe0f.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n\n<p data-block-type=\"core\"><\/p>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-fc84f4c\" id=\"vorteile-von-frankly-freizugigkeit\" data-block-id=\"fc84f4c\"><h2 class=\"stk-block-heading__text\">Advantages of frankly freedom of movement<\/h2><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-bf2fb56\" id=\"sehr-hohe-sicherheit-deiner-freizugigkeitsleistung\" data-block-id=\"bf2fb56\"><h3 class=\"stk-block-heading__text\">Very high security of your vested benefits<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-d2a9e0c\" id=\"die-freizugigkeitsstiftung-der-zkb-kantonalbank-und-du-mit-deiner-frankly-freizugigkeit-profitieren-von-einem-sehr-hohen-schutz-und-der-sehr-hohen-sicherheit-der-zkb-das-ist-wo-weil-die-frankly-freizugigkeitsstiftung-dein-vorsorgevermogen-bei-der-zkb-platziert-die-in-der-schweiz-als-ein-systemrelevantes-finanzinstitut-gilt-im-fachjargon-too-big-to-fail-ausserdem-hat-die-zkb-eine-staatsgarantie-des-kantons-zurich-und-eine-hervorragende-bewertung-am-finanzmarkt-triple-a-ein-konkurs-der-bank-ist-deshalb-ausserst-unwahrscheinlich-damit-ist-dein-geld-im-freizugigkeitskonto-sehr-sicher-besser-gehts-nicht-das-hebt-das-frankly-freizugigkeitskonto-von-mitbewerbern-wie-viac-oder-finpension-ab-br-br-zudem-werden-wertpapieranlagen-von-der-freizugigkeitsstiftung-der-zurcher-kantonalbank-in-anlageprodukte-der-swisscanto-investiert-einer-tochter-der-zkb-die-wertpapiere-waren-als-sondervermogen-von-einem-allfalligen-konkurs-der-zkb-nicht-betroffen-mehr-zur-sicherheit-von-freizugigkeitsguthaben-findest-du-in-diesem-a-href-https-www-smolio-ch-wissen-freizuegigkeitsleistung-freizuegigkeitsfall-freizuegigkeitsguthaben-fachartikel-a\" data-block-id=\"d2a9e0c\"><p class=\"stk-block-text__text\">The vested benefits foundation of ZKB Kantonalbank and you with your frankly vested benefits benefit from a very high level of protection and the very high security of ZKB. This is because the frankly Vested Benefits Foundation places your pension assets with ZKB, which is considered a systemically important financial institution in Switzerland, in technical jargon &#8220;too big to fail&#8221;. In addition, ZKB has a state guarantee from the Canton of Zurich and an excellent rating on the financial market (&#8220;triple A&#8221;). It is therefore extremely unlikely that the bank will go bankrupt. This means that your money is very safe in your vested benefits account &#8211; it doesn&#8217;t get any better than that. This sets the frankly vested benefits account apart from competitors such as VIAC or finpension.       <br\/><br\/>In addition, securities investments from the vested benefits foundation of Z\u00fcrcher Kantonalbank are invested in investment products of Swisscanto, a subsidiary of ZKB. As special assets, the securities would not be affected by any bankruptcy of ZKB. You can find out more about the security of vested benefits assets in this <a href=\"https:\/\/www.smolio.ch\/en\/wissen\/vested-benefits-vested-benefit-assets-in-the-event-of-vested-benefits\/\">specialist article<\/a>.  <\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-66e2ee9\" id=\"gunstige-pauschalgebuhr\" data-block-id=\"66e2ee9\"><h3 class=\"stk-block-heading__text\">Favorable flat fee<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-1f99cb4\" data-block-id=\"1f99cb4\"><p class=\"stk-block-text__text\">frankly offers attractive conditions: no fees for the frankly vested benefits account (&#8220;frankly FZ Cash&#8221;) and a flat fee of 0.44 % for frankly with securities. This applies to all investment strategies, regardless of whether you choose active or passive investment products. However, the fee does not include everything. More on this in a moment.<\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-775f5d0\" id=\"selbststandiger-investitionsmodus-moglich\" data-block-id=\"775f5d0\"><h3 class=\"stk-block-heading__text\">Independent investment mode possible<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-efe94cc\" data-block-id=\"efe94cc\"><p class=\"stk-block-text__text\">In principle, frankly is set up so that your money is automatically invested in securities. Rationally, this also makes sense, because uninvested capital brings no return &#8211; after all, &#8220;time, not timing&#8221; determines investment success. However, you can change the investment mode to &#8220;independent&#8221;. Then you decide when to invest. With this option, you can also hold your assets in cash instead of securities.<\/p><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-fa527b5\" data-block-id=\"fa527b5\"><p class=\"stk-block-text__text\"><\/p><\/div>\n\n<div class=\"wp-block-stackable-image stk-block-image stk-block stk-72a9490\" data-block-id=\"72a9490\"><figure><a class=\"stk-link\" href=\"https:\/\/my.frankly.ch\/landing-page\/\" target=\"_blank\" rel=\"noopener\"><span class=\"stk-img-wrapper stk-image--shape-stretch\"><img loading=\"lazy\" decoding=\"async\" class=\"stk-img wp-image-7341\" src=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129.webp\" width=\"1920\" height=\"1280\" alt=\"Frankly permissiveness voucher code\" title=\"\" srcset=\"https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129.webp 1920w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129-800x533.webp 800w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129-315x210.webp 315w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129-768x512.webp 768w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129-1536x1024.webp 1536w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129-360x240.webp 360w, https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2023\/10\/18111218\/ZKB_fr_Banner_Smolio_240129-400x267.webp 400w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/span><\/a><\/figure><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-1703856\" id=\"nachteile-von-frankly-freizugigkeit\" data-block-id=\"1703856\"><h2 class=\"stk-block-heading__text\">Disadvantages of frankly free movement<\/h2><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-2c77ca2\" id=\"pauschalgebuhr-schliesst-nicht-alles-ein\" data-block-id=\"2c77ca2\"><h3 class=\"stk-block-heading__text\">Flat-rate fee does not include everything<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-2a36178\" data-block-id=\"2a36178\"><p class=\"stk-block-text__text\">It is a pity that the all-in fee does not include all fees. frankly Freiz\u00fcgigkeit points out as follows: &#8220;<em>The all-in fee does not include any issue and redemption fees for indexed investment products or any fees and ancillary costs that are charged directly to the investment product (such as bid\/ask spreads, commissions, taxes, duties and the total expense ratio (TER) of exchange-traded real estate funds)<\/em>.&#8221; <\/p><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-13b6415\" data-block-id=\"13b6415\"><p class=\"stk-block-text__text\">How high the issue and redemption fees are depends on the supply and demand situation at the time of trading. In order to achieve a fair balance between long-term investors and buyers and sellers of units, the so-called <a href=\"https:\/\/products.swisscanto.com\/products\/api\/document\/Abrechnungsmethode_Transaktionskosten_CH_Priv_Insti_de.pdf\" target=\"_blank\" rel=\"noopener\">crossing spread method<\/a> is used. This allocates the transaction costs for subscriptions and redemptions to the originators and thus avoids trading costs being charged to the fund assets and thus to existing investors. In extreme cases, for example, the target fund &#8220;Strong 75 Index&#8221; may <a href=\"https:\/\/products.swisscanto.com\/products\/api\/factsheet\/isin\/CH0512157774\/file-name\/FSD_CH0512157774_SWC_CH_de.pdf\" target=\"_blank\" rel=\"noopener\">incur<\/a> maximum issue fees of 0.14 % and redemption fees of 0.08 % if there is no counterparty for sale or purchase at the time of trading.     <\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-e60c397\" id=\"maximale-aktienquote-von-75\" data-block-id=\"e60c397\"><h3 class=\"stk-block-heading__text\">Maximum equity ratio of 75%<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-1c89d48\" data-block-id=\"1c89d48\"><p class=\"stk-block-text__text\">Over a long investment horizon, high equity ratios have delivered high returns in the past &#8211; with corresponding fluctuations. The foundation supervisory authority permits a maximum equity ratio of 85% for vested benefits foundations domiciled in the Canton of Zurich. Unfortunately, frankly Freiz\u00fcgigkeit has a maximum equity ratio of 75%. This is unfavorable for risk-averse investors. Competitors offer equity ratios of 85 %.<\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-cea32bd\" id=\"wenig-transparenz-uber-die-swisscanto-zielfonds\" data-block-id=\"cea32bd\"><h3 class=\"stk-block-heading__text\">Little transparency about the Swisscanto target funds<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-a33dab7\" data-block-id=\"a33dab7\"><p class=\"stk-block-text__text\">As with pillar 3a, frankly Freiz\u00fcgigkeit uses target funds from Swisscanto. Unfortunately, for you as an investor, it remains unclear what you are investing in with nice-sounding names such as the &#8220;Strong 75 Index&#8221;. The fact sheet states that the target fund in question is the &#8220;Swisscanto (CH) IPF III Vorsorgefonds 75 Passiv NT CHF&#8221;, whose investments are &#8220;mainly made via Swisscanto&#8217;s indexed investment funds, which comprise thousands of individual investments&#8221;. Well, I would like to know what benchmark my retirement assets are running against and how the product is performing.<\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-48854c4\" id=\"erzwungene-absicherung-der-fremdwahrungsrisiken\" data-block-id=\"48854c4\"><h3 class=\"stk-block-heading__text\">Forced hedging of foreign currency risks<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-3880cdc\" data-block-id=\"3880cdc\"><p class=\"stk-block-text__text\">The fact sheet also states: &#8220;The foreign currency positions are partially hedged in CHF, so that the proportion of unhedged foreign currency positions can reach a maximum of 30%.&#8221; Auso: Swisscanto hedges the exchange rate fluctuation of foreign currency positions against Swiss francs. That makes sense in the short term. But for long-term investors who are building up their pension provision, the forced foreign currency hedging costs valuable returns in my view.    <\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-fd65de8\" id=\"kein-steueroptimierter-sitz-der-stiftung\" data-block-id=\"fd65de8\"><h3 class=\"stk-block-heading__text\">No tax-optimized domicile of the foundation<\/h3><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-cc6d356\" data-block-id=\"cc6d356\"><p class=\"stk-block-text__text\">frankly Vested Benefits is a product of Z\u00fcrcher Kantonalbank, which is owned by the Canton of Zurich. So it is somehow logical that the vested benefits foundation is also registered in the canton of Zurich? That&#8217;s right. However, this does not matter to most Swiss people. But for people who later obtain their vested benefits solution from abroad.  <\/p><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-13d99a8\" data-block-id=\"13d99a8\"><p class=\"stk-block-text__text\">You need to know that if you withdraw your vested benefits and live abroad, the <em>domicile <\/em>of the foundation is important. This is because the withholding tax due is based on the domicile of the foundation where your vested benefits are held. This means that if you move away from Switzerland and want to withdraw your vested benefits from abroad, there are providers where you will have to pay less tax on the withdrawal than with a foundation in the canton of Zurich.   You can find out more in this <a href=\"https:\/\/www.smolio.ch\/wissen\/kapitalauszahlungssteuer-kapitabezugssteuer\/\">article<\/a>. You should therefore transfer your FC assets to a tax-efficient FCS no later than 12 months before emigrating.<\/p><\/div>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-b033546\" id=\"frankly-freizugigkeit-eroffnen\" data-block-id=\"b033546\"><h2 class=\"stk-block-heading__text\">frankly open up freedom of movement<\/h2><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-a4424cc\" data-block-id=\"a4424cc\"><p class=\"stk-block-text__text\">If you already have a pillar 3a solution with frankly, you can simply add a vested benefits solution via the web interface. This has also been possible via the mobile app since November 2024. The video shows you how to transfer an existing vested benefits balance to frankly.  <\/p><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-8a2c5f9\" data-block-id=\"8a2c5f9\"><p class=\"stk-block-text__text\">If you don&#8217;t have a frankly account yet, you can register for one in just a few minutes. You can open the account online with your cell phone and ID without any paperwork or a visit to the bank.  The process is self-explanatory and simple.  <\/p><\/div>\n\n<figure class=\"wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-container\"><iframe loading=\"lazy\" title=\"frankly Tutorial Transfer Freiz\u00fcgigkeit\" src=\"https:\/\/player.vimeo.com\/video\/899793322?dnt=1&amp;app_id=122963\" width=\"1140\" height=\"641\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write\"><\/iframe><\/div>\n<\/div><\/figure>\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block-heading--v2 stk-block stk-93ad51a\" id=\"zusammenfassung-und-rezension-frankly-freizugigkeit-erfahrungen-2025\" data-block-id=\"93ad51a\"><h2 class=\"stk-block-heading__text\">Summary and review frankly Free movement experiences 2025<\/h2><\/div>\n\n<div class=\"wp-block-stackable-text stk-block-text stk-block stk-be91bf7\" data-block-id=\"be91bf7\"><p class=\"stk-block-text__text\">The frankly vested benefits account is an attractive and, above all, secure solution. frankly Vested Benefits with Securities scores highly with its low and uniform flat fee for all strategies. Unfortunately, the commissions on the issue and redemption of funds are not included in the flat fee, and it is a pity that the investment products are not very transparent. If you would like to obtain your freedom of movement later with a foreign residence, there are better solutions. Both are easy to use and particularly convenient for you if you already have the pillar 3a solution with frankly.  <\/p><\/div>\n\n<div class=\"wp-block-ugb-container ugb-container ugb-6a5a4d2 ugb-container--v2 ugb-container--design-basic ugb-main-block\" data-block-type=\"core\" data-block-type=\"core\"><style>.ugb-6a5a4d2-wrapper.ugb-container__wrapper{border-radius:0px !important;background-color:#02b875 !important}.ugb-6a5a4d2-wrapper.ugb-container__wrapper:before{background-color:#02b875 !important}.ugb-6a5a4d2 h1,.ugb-6a5a4d2 h2,.ugb-6a5a4d2 h3,.ugb-6a5a4d2 h4,.ugb-6a5a4d2 h5,.ugb-6a5a4d2 h6{color:#ffffff}.ugb-6a5a4d2 p,.ugb-6a5a4d2 li,.ugb-6a5a4d2 label,.ugb-6a5a4d2 table{color:#ffffff}.ugb-6a5a4d2-content-wrapper > h1,.ugb-6a5a4d2-content-wrapper > h2,.ugb-6a5a4d2-content-wrapper > h3,.ugb-6a5a4d2-content-wrapper > h4,.ugb-6a5a4d2-content-wrapper > h5,.ugb-6a5a4d2-content-wrapper > h6{color:#ffffff}.ugb-6a5a4d2-content-wrapper > p,.ugb-6a5a4d2-content-wrapper > ol li,.ugb-6a5a4d2-content-wrapper > ul li{color:#ffffff}.ugb-6a5a4d2 a,.ugb-6a5a4d2 a:visited,.ugb-6a5a4d2 a:focus{color:#ffffff}<\/style><div class=\"ugb-inner-block\"><div class=\"ugb-block-content\"><div class=\"ugb-container__wrapper ugb-6a5a4d2-wrapper\"><div class=\"ugb-container__side\"><div class=\"ugb-container__content-wrapper ugb-6a5a4d2-content-wrapper\">\n<h3 class=\"wp-block-heading\" id=\"h-mit-frankly-gutscheincode-smolio-von-35-franken-rabatt-auf-gebuhren-profitieren\"><strong>Benefit from a 35 franc discount on fees with frankly voucher code SMOLIO  <\/strong><\/h3>\n\n\n\n<p data-block-type=\"core\">Simply use the code <strong>SMOLIO<\/strong> for your welcome bonus of CHF 35 when you open your account. You will automatically be entered into the prize draw for CHF 1,000. Only redeemable for frankly new customers when opening their first account within 48 hours. There is no all-in fee for Cash. Code cannot be combined with other voucher codes. Valid until 31.12.2025. Information on the competition at <a href=\"https:\/\/www.frankly.ch\/de\/teilnahmebedingungen-gws.html\" target=\"_blank\" rel=\"noopener\">frankly.ch\/gws.<\/a>      <\/p>\n\n\n\n<div class=\"wp-block-stackable-button-group stk-block-button-group stk-block stk-hss5qa1\" data-block-id=\"hss5qa1\"><style>.stk-hss5qa1 .stk-button-group{flex-direction:row !important;}@media screen and (max-width: 1023px){.stk-hss5qa1 .stk-button-group{flex-direction:row !important;}}@media screen and (max-width: 767px){.stk-hss5qa1 .stk-button-group{flex-direction:row !important;}}<\/style><div class=\"stk-row stk-inner-blocks stk-block-content stk-button-group\">\n<div class=\"wp-block-stackable-button stk-block-button stk-block stk-lfix4jx\" data-block-id=\"lfix4jx\"><style>.stk-lfix4jx .stk-button{background:#192483 !important;border-top-left-radius:30px !important;border-top-right-radius:30px !important;border-bottom-right-radius:30px !important;border-bottom-left-radius:30px !important;}<\/style><a class=\"stk-link stk-button stk--hover-effect-darken\" href=\"https:\/\/my.frankly.ch\/landing-page\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"stk-button__inner-text\">Frankly freedom of movement  <\/span><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n\n<div class=\"wp-block-stackable-columns stk-block-columns stk-block stk-83b6411 stk-block-background\" data-block-id=\"83b6411\" data-block-type=\"core\" data-block-type=\"core\"><div class=\"stk-row stk-inner-blocks stk-block-content stk-content-align stk-83b6411-column\">\n<div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-f2ad0b4\" data-v=\"4\" data-block-id=\"f2ad0b4\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-f2ad0b4-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-f2ad0b4-inner-blocks\">\n<h4 class=\"wp-block-heading has-small-font-size\" id=\"h-disclaimer\">Disclaimer<\/h4>\n\n\n\n<p class=\"has-small-font-size\" id=\"h-unser-tipp-gut-rechnen-ist-angesagtfalls-du-die-effektiven-kosten-f-rs-arbeitszimmer-abziehst-verlierst-du-den-pauschal-abzug-f-r-die-berufskosten-denn-es-geht-nur-entweder-abzug-der-effektien-kosten-oder-pauschalabzug-f-r-homeoffice-tage-kannst-du-auch-keine-fahrtkosten-abziehen-rechne-daher-gut-nach-was-dir-den-h-heren-abzug-bringt-vermutlich-f-hrst-du-in-den-meisten-f-llen-besser-mit-dem-pauschalabzug\" data-block-type=\"core\">We have taken great care in compiling the content of this article. Nevertheless, we cannot rule out errors and cannot guarantee that the content is correct, up-to-date or complete. This article does not replace tax advice. We do not offer investment or tax advice and recommend that tax issues are always clarified with a tax expert and\/or the relevant cantonal tax authorities. Any liability is rejected.    <\/p>\n<\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>frankly Vested Benefits is a relatively new product with which ZKB wants to grow in another market. Find out whether the offer is worthwhile for you and benefit from a switching bonus with our frankly code SMOLIO.   <\/p>\n","protected":false},"author":8,"featured_media":7310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2401,2714],"tags":[2263,2405,2403,2404],"class_list":{"0":"post-8587","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-vested-benefits-account","8":"category-frankly-reviews-en","9":"tag-sponsored-en","10":"tag-transferring-vested-benefits","11":"tag-vested-benefits-account","12":"tag-vested-benefits-custody-account"},"nelio_content":{"autoShareEndMode":"never","automationSources":{"useCustomSentences":false,"customSentences":[]},"efiAlt":"","efiUrl":"","followers":[8],"highlights":[],"isAutoShareEnabled":false,"networkImageIds":[],"permalinkQueryArgs":[],"series":[],"suggestedReferences":[]},"featured_image_urls_v2":{"full":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit.webp",1200,800,false],"thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-315x210.webp",315,210,true],"medium":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-800x533.webp",800,533,true],"medium_large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-768x512.webp",768,512,true],"large":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit.webp",1140,760,false],"1536x1536":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit.webp",1200,800,false],"2048x2048":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit.webp",1200,800,false],"davenport-blog-thumb":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-1140x694.webp",1140,694,true],"davenport-blog-thumb-grid":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-555x360.webp",555,360,true],"davenport-blog-thumb-widget":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-220x180.webp",220,180,true],"davenport-blog-thumb-masonry":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-360x240.webp",360,240,true],"woocommerce_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-300x300.webp",300,300,true],"woocommerce_single":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-400x267.webp",400,267,true],"woocommerce_gallery_thumbnail":["https:\/\/smolio-storage.s3.eu-central-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/30202410\/Smolio-Blog_frankly_Freizugigkeit-300x300.webp",300,300,true]},"post_excerpt_stackable_v2":"<p>frankly Vested Benefits is a relatively new product with which ZKB wants to grow in another market. Find out whether the offer is worthwhile for you and benefit from a switching bonus with our frankly code SMOLIO.   <\/p>\n","category_list_v2":"<a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/vested-benefits-account\/\" rel=\"category tag\">Vested benefits account<\/a>, <a href=\"https:\/\/www.smolio.ch\/en\/finanzthemen\/understanding-the-swiss-pension-system\/invest-in-pillar-3a\/frankly-reviews-en\/\" rel=\"category tag\">frankly reviews<\/a>","author_info_v2":{"name":"Thomas","url":"https:\/\/www.smolio.ch\/en\/wissen\/author\/thomas\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/comments?post=8587"}],"version-history":[{"count":10,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8587\/revisions"}],"predecessor-version":[{"id":10001,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/posts\/8587\/revisions\/10001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media\/7310"}],"wp:attachment":[{"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/media?parent=8587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/categories?post=8587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smolio.ch\/en\/wp-json\/wp\/v2\/tags?post=8587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}