Review on 3rd pillar Baloise Fonds Plan

Insurance 3rd pillar linked to investment funds .
Available as pillar 3a and 3b.
 

The Third Pillar Baloise Fonds Plan is a good product for all types of savers, both prudent and performance-oriented.
In fact, the product provides 4 basic strategies so as to please both those who want a more conservative investment, but also those who want to push with a 100% equity strategy.
The interesting feature of this product is that you can also choose individual funds from a palette and, in this way, make an ad hoc strategy.
It must be said, however, that the choice of funds is not very large.
In addition to the savings process, and in order to have a complete pension plan, this 3rd pillar provides the possibility of including death and disability coverage  

The savings premiums that you pay each month are invested according to the funds you have previously chosen.
In this way, each month you are going to buy portions of the fund, which then, at maturity, will be sold and paid out in one go.

• Great diversification
   
• Possibility of changing strategy
   
• Reduced minimum premium.
   
• With the combined pension plan, you can switch from Pillar 3b to Pillar 3a (with tax advantages) and vice versa
   
• You can also decide to stop paying premiums

• Because it is a performance-oriented product, Baloise Fonds Plan does not offer a minimum capital guarantee.
   
• The offer is not very clear and not very detailed. A full proposal needs to be set up to get a clearer view.

Baloise Fonds Plan is a good product if your goal is to target performance and you are not concerned about any market ups/downs.
As with all products designed for retirement planning, your satisfaction will depend primarily on the quality of advice.
 

Here are a few points to pay attention to: 
1) Is the intermediry registered to the FINMA intermediary register? 
2) Is the intermediary able to explain to you in detail the composition and functioning of the product? 
3) Have you chosen the investment strategy together? 
4) Has it been explained to you that in addition to gains, there may also be losses? 
5) Was the offer made taking into account your current first and second pillar coverage? 
6) Did the intermediary give you the full offer and time to evaluate it?
If you need advice to plan your 3rd pillar, please contact us.