Your employer can get you started in saving for retirement through your employer retirement plan, however, chances are that the minimum required contribution to your group plan may not be enough to generate the savings you will require at retirement.

BF&M offer a series of individual retirement and savings products to help ensure that you have the income you need when you choose to retire. Our plans offer both the traditional risk-based profile model and our target-date profile model. BF&M was the first, and is currently the only provider in Bermuda to offer target-date investing in our retirement and savings plans.

Our Flex Account Retirement Plan is a Prescribed Retirement Product approved by the Pension Commission in Bermuda. It's designed to hold your locked-in pension funds until you are eligible to start receiving your income in retirement. From the Flex Account you are able to draw an income once you reach retirement age or you may choose to convert your account to an annuity.

Our Individual Savings Plan allows you to put a little extra aside for any reason, such as a rainy day, an emergency fund, for future travel, or home renovations.

Our Educational Savings Plan is designed to allow you to save for the future education of your child, grandchild, or any other important child in your life.

BF&M also offers annuities. This is a retirement product that you purchase from BF&M using the funds that you have accumulated in your retirement or savings accounts. In return for the money you pay to BF&M, BF&M will pay you an income for life (or for a specific term). BF&M offers a number of annuity options and our experienced representatives will sit down with you and assist you in determining which option is best for you.