75 Front Street, Hamilton HM 12 - Phone: +1 441 2963600 - Fax: +1 441 2956209 - E-mail: info@fmgroup.bm - Mailing Address: P.O. Box HM 836, Hamilton HM CX, Bermuda

Click here to apply online for a Temporary Pension Refund of Money from an Occupational Pension Plan and/or Local Retirement Product under the National Pension Scheme (Refund) (Temporary) Regulations 2020.

Understanding the Benefits of a Personal Retirement Plan

Understanding the Benefits of a Personal Retirement Plan

A comfortable retirement is something we should all want for ourselves. Whether you’re years away or your golden years are just around the corner, making the decision to set aside extra funds for yourself is advisable. At Freisenbruch, we offer a Personal Retirement Plan that is essentially a supplemental vehicle for retirement and there are a few key points to note.

The first is daily trading, what does this mean? Say for example you take an interest in the market and would like to be able to take advantage of market fluctuations? All of our pension clients have the ability to adjust their current fund allocation at anytime and for no additional fee.  At Freisenbruch, you also have the flexibility to create your own fund lineup. We offer our pension clients the flexibility to create their own investment platform.

Have you worked for a few different employers along the way, but never consolidated your pension? Do you currently have multiple pensions at different companies? Although the funds must remain locked in as per the current pension legislation, did you know that you have the option to move those locked in funds to an individual pension plan of your choice? This also gives you the option to contribute additional funds on top of your locked in monies at your discretion, allowing you to save extra for your own future goals.

Lastly, if you are already saving in another financial institution, but you’d like to see what other options may be available to you, give me a call and let’s see if a PRP is right for you.

Danielle Pacheco is a Pension Sales Advisor at Freisenbruch-Meyer Insurance Services.

If you would like any further details please contact her at dpacheco@fmgroup.bm

or call 294-4660.

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