BeFrank’s product is simple and offers choices that add value. The employer decides on the general shape that the pension scheme will take for employees, including the extent of investment freedom and what funds can be invested in.
The extent of freedom of investment
The employer decides in consultation with you the extent of the freedom that employees will have in their investment choices. There are three possible options:
Actively or passively managed funds
The employer decides whether the investments are actively or passively managed. There is a choice between active or passive management. Active management means that the lifecycles are made up of mixed funds of NN Investment Partners. Passive management means that the lifecycles are made up of index trackers.