You’ve put in the hours, now you deserve to enjoy life a little more. That’s why we offer retirement and saving plans that allow you to make the most of your best years. Because your life is just getting started.
Click here for information on how to apply and to access to the online-fillable form
With our Flex Account you are able to draw an income once you reach retirement age – or you can convert your account to an annuity.
Whether it be a rainy day, for future travel, or home renovations, the Individual Savings Plan allows you to put a little extra aside.
Designed to allow you to save for the future education of your child, grandchild, or any other important child in your life.
Receive an income for life (or a specific term) when you purchase this product from BF&M using your retirement savings.
If you are 65 or older and have no more than $50,000 in your pension account, you can apply for a Small Pensions withdrawal—whether or not you are retired.
If you are 65 or older, you may apply for a 25% lump sum refund of your current balance. You must have a defined contribution pension plan or local retirement product. Applications for these funds are made directly through the Pension Commission
The application process for the one-time temporary pension withdrawal of up to $6,000 is now open until June 29th, 2022.
BF&M’s Pension portal allows you to access your pension information 24 hours a day, 7 days a week. Follow our Online Guide to get started.
It’s easy to transfer funds for your investment plans or accounts. Click the link below for direct debit and wire payment instructions.
To view Pension fund performance and market update newsletters, click the link below.
Fund Performance and Newsletters
Invest based on your own investment comfort level with our Risk Based model. You simply create a risk profile (ranging from aggressive to conservative) and adjust it as you see fit, based on your personal investment goals. Featuring a mix of bonds and stock, this plan maintains the same risk-allocation until you change it as the investor, giving you control over the potential growth of your investments.
Designed around your current age, our Target Date model automatically adjusts your portfolio risk-allocation (from more aggressive to more conservative) as you move closer to the end of your career. You select your timeframe, risk comfort and investment path, and we take care of the rest. BF&M was the first, and is currently the only provider in Bermuda, to offer target-date investing as an option.
Insurance matters, and at BF&M we believe in making it straightforward.
You can trust us to be open, to talk in terms you can understand. And with over a century in the business and the strongest financial ratings going, you can depend on us to be there when you need us most.
For advice or help with setting up a plan
email us at email@example.com or call us at +1-441-295-5566
It's dependent on two things: 1) if you are a Bermudian or the partner of one; and 2) your employer has a pension plan that requires everyone to participate.
Options include transferring funds to a Prescribed Retirement Product, transferring funds to a pension plan, purchasing a deferred annuity, and more.
You can choose to retire from your plan and start receiving benefits, or you may elect to defer receiving your pension and continue contributing to the plan.
BF&M offer our Flex Account Retirement Plan, individual savings plans, educational savings plans, and annuities.
You can contact BF&M at +1-441-295-5566 and ask to speak with one of our representatives to review your specific financial needs and plans.
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