What does a pillar 3a with ETFs cost?

Many providers charge fees that sometimes amount to 1.5 percent for pillar 3a securities solutions. At VZ, the management fees amount to just 0.68 percent per year. This covers transaction fees, issuing commissions, redemption fees and securities account fees. Investing new money and rebalancing is free of charge. This makes the pillar 3a at VZ up to 60 percent cheaper than at other providers.