Which arrangements does your employer make for you?

Your employer has opted for a pension scheme with BeFrank, A wise move, as we keep your pension easy and personal. Your employer makes a number of decisions, and there are some things that you decide for yourself. On this page, we tell you which arrangements your employer makes regarding your pension.

Investing your pension contribution

Each month, your employer deposits an amount into your investment account. Our investment experts will then invest that amount for you, or you can choose to invest it yourself. Your personal pension page shows you exactly how much contribution your employer makes each month.

If you want to accrue more pension, most schemes allow you to make extra pension contributions.

Pension policies

You hope it’s never going to happen, but you never know: you could become occupationally disabled or pass away. Your employer can choose to insure you and your surviving dependants against these risks.

With a waiver of contributions in the event of occupational disability, your employer ensures that your pension accrual continues as normal. Your employer also has the option to pledge an occupational disability pension. This ensures that you receive additional benefits if you have an occupational disability later.

If you pass away before your retirement date, your family will lose your income. Your employer will take care of your surviving dependants by pledging partner’s and orphan’s pension.

To find out what you’re covered for, take a look at your personal pension page.

Additional insurance cover

If your employer allows it, you can also take out additional insurance cover. If you want extra certainty for your surviving dependants after you pass away, opt for Anw survivor benefit shortfall insurance. Your personal pension page shows you which options you have.