We’re introducing a two-stage quote guarantee period
We wanted to provide an early update on a change to our Quote Guarantee Period, which will impact our application process and go live from 5pm on 16 July 2026.
This change applies to our Pension Annuity, Fixed Term Retirement Plan and Cash Out Retirement Plan.
We’re moving from a single 45-day guarantee period to a two-stage approach. Under this structure, the quote will be guaranteed for an initial 15-day period, during which we must receive the completed application. If the application is received within this timeframe, the quote guarantee will then be extended, providing time for pension pots to be transferred whilst maintaining the overall 45-day window.
This change is designed to encourage earlier application submission and help clients secure the rate quoted. Where funds are received within the extended guarantee period, clients will receive the rate from their original quote, or the rate available at the time if higher.
If you have any questions in the meantime, please do get in touch with your dedicated team.
Speed up fund requests with L&G Apply
It’s a faster way to submit your annuity applications. With pension funds automatically requested by L&G on submission, L&G Apply can help you make the most of the two-stage quote guarantee period, saving up to 14 days across the application journey.