Writing confidentially, a former client of a Swiss bank spoke to thewealthnet's sister site eprivateclient on the little known issue of Swiss Retrocession fees.

As a recap, Swiss retrocessions refer to "Kickback Commissions" paid out to banks by third parties. Swiss rulings in 2006, 2012 and 2017 clarified these as belonging to the client, payable on request. These relate to trusts as well a...