With Profits Annuity.

At a glance

You can buy a With Profits Annuity with the proceeds of your pension scheme(s) to provide you with an income for life and the opportunity to benefit from investment growth.

Income can fall from one year to the next but it won’t fall below a minimum level, which you’ll know in advance. 
We recommend that you speak to a financial adviser for further details. You won't be able to buy our With Profits Annuity without having taken advice.

Is it right for me?

Your options and income

You will need to decide how you want your pension income paid and whether you want to provide an income for your partner when you die.

The options you choose and the timing of your purchase will have a bearing on the level of pension income you'll receive.

What are my options?          How much income will I be paid?

The benefits

Our With Profits Annuity provides a minimum level of income whilst offering you the opportunity to benefit from future investment performance. It therefore has the potential to pay you a higher income than that available from our Pension Annuity.

How do With Profits funds work?

The risks

Investment performance can go down as well as up, so your income cannot be guaranteed and will fluctuate. You will need to discuss with your financial adviser whether you can afford to take this risk.

The charges

Our set up and administration charges are included within the pension income we quote. Any future charges will be taken into account in the bonuses we declare. This could affect the level of income you receive each year.