Financial research agency MoneyView has published the results of the 2018 MoneyView ProductRating this week, in which BeFrank’s Neutral Ambitious Lifecycle was rated the best in the ‘Member Returns’ category.
The research agency compared pension products based on defined contribution agreements. The MoneyView Product Ratings for ‘Price’ (divided into Member Returns and Employer Costs) and ‘Terms and Conditions’ are announced in this Special Edition. Ten pension products were assessed based on a total of 57 conditions, characteristics and possibilities, which resulted in the Terms and Conditions Product Rating. A total of 44 employer files were calculated. Each file had different compositions based on age, pension scales and income. The ProductRating ‘Price’ was determined on the basis of these calculations. The ‘Price’ in this case was divided into two categories: the assessment not only looked at the products that cost the employer the least, but also at the products that yield the most for employees.
Pensions closer to members
BeFrank achieved the highest score of all providers in the latter category. Jan Hein Rhebergen, Commercial Director of BeFrank: ‘This is a wonderful compliment for BeFrank and a great recognition of the daily commitment of all the employees to place members at the heart of everything we do. This category specifically corresponds with our mission to once again bring pensions closer to members. So we are exceptionally proud of this achievement!’
MoneyView is the independent research and benchmarking institute for financial services providers. MoneyView tracks product developments in the field of life insurance, pensions, mortgages, non-life insurance, income insurance, investment products and banking products on a daily basis. Through products such as the ProductManager, Selector, Advisa Online and AeQuote, MoneyView provides product comparison and benchmark solutions for banks, insurers and advisers.
BeFrank has been active in the group pension market since 2011 and is the first pension premium institution (PPI) in the Netherlands. BeFrank offers an online pension, straightforward communications and innovative services. It is part of NN Group.