We are open with your safety in mind. We encourage you to reach us by phone or online.
For customer service and all business enquiries, call +1 441 295 5566  |  For website support or to set up an online account, call +1 441 298 0301
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The application process for the one-time Pension Withdrawal of up to $6,000 per the COVID-19 Pension Act Amendment is open. Click here for details or to apply
For questions regarding the pension withdrawal, call +1 441 298 0358 or email customercare@bfm.bm

Back to FAQs

What fees are attached to my retirement and investment account?

There are a number of fees related to pensions and investments.

  • There is an Administrative Fee charged by BF&M for the ongoing administration of your account, which includes processing of contributions, fund transfers, investment gains and losses, along with all of the reporting requirements and customer service associated with your account.
  • There is an Investment Advisory Fee charged by BF&M for the ongoing monitoring and due diligence surrounding the performance of your fund options. Each investment fund that you hold in your account also has its own fee, which is charged by the fund managers and is included in the overall performance of your funds.
BF&M provides a full fee disclosure with your annual member statements and it is also included in the Document section through your online pension web portal


 

There are no set-up fees associated with the Educational Savings Plan, Individual Savings Plan, or the BF&M Flex Account Retirement Plan.

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