BeFrank invests your pension contributions in lifecycles. You can opt for the Passive, Active or Sustainable Lifecycle. All three lifecycles achieved excellent results this past year. However, we always try to find ways to make further improvements. We therefore closely monitor financial developments and results and make adjustments where necessary. We will tell you below which lifecycle adjustments we made at the end of 2024. And we will look ahead to 2025.
- You can find more information about the lifecycles and the results at the bottom of this article.
- Do you want to know what happened on the stock markets last year? Read our Review of investment year 2024.
Adjustments at the end of 2024
Slightly different investment mix in Active and Passive
In late December, we adjusted the investment mix of the Active and Passive Lifecycles: we invested slightly more in developed market equities (from 65% to 67.5%) and slightly less in emerging market equities (from 15% to 12.5%). In the emerging markets, economic, political and social developments have become less favourable. The Sustainable Lifecycle has not been adjusted because we do not invest in equities in emerging markets in that lifecycle.
More diversification in Active
We have also made an adjustment to the Active Lifecycle. In 2024, we saw significant differences in investment returns between companies in the financial markets. This was caused, among other things, by a small number of tech companies that boosted the stock markets. This makes it harder to beat the market. That is why we have decided to make the Active Lifecycle more diversified in the number of companies within the investment category of shares from developed markets.
Looking ahead to 2025
As always, we will continue to closely monitor the markets and the results of our lifecycles. In 2024, the markets achieved good investment results. However, there is still a lot of geopolitical tension around the world. In addition, there is always a chance of new developments on the financial markets. Where necessary, we will make adjustments to the lifecycles. We will keep you informed of this. For all lifecycles, the ultimate goal is to achieve a good pension result.
Rebalancing: how to continue investing according to your lifecycle
In 2025, we will also look at whether you invest according to the distribution of funds associated with your investment risk and age. Due to price fluctuations and returns, the ratio of the funds in your portfolio may no longer be properly balanced. That is why we rebalance the funds annually by ‘rebalancing’. As always, we will do this on your birthday. Your investment mix will once again be in line with your age and investment risk.
More information on lifecycles
Click on the table to enlarge

Curious about the investment results of the lifecycles in 2024? View the overview of all returns.
Would you like to know which lifecycle you are investing in?
Log in to your personal pension page to see how we invest your pension for you. By default, you invest according to the choice of your employer. However, you can always easily make your own investment choices. You do not have to be an investment expert for that!