When you retire, you use the pension savings to obtain an income. The savings are used to buy a pension benefit from a pension insurer. In the Netherlands, there are various parties that you can buy a pension from. We advise you to speak to a financial adviser to decide which party offers the best pension for your circumstances. The size of the benefit will depend on your requirements and the interest rate at the time you buy.

No later than 10 years before your retirement, BeFrank will convert higher risk investments into investments that carry a lower risk. We call this a pension stabilising fund. This will give you increasing certainty about the value of the investments that will eventually be made available to buy a pension. Six months before your retirement, we will send you a statement showing the value of your pension savings. Take this with you when you speak to a financial adviser.