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Pension Annuity

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Quote and application details

This online application form is for a L&G Pension Annuity.

You can only apply once you have received a guaranteed quote. You can’t apply with a verbal or indicative quote (an indicative quote has the reference ‘IND’ at the start).

Quotes are guaranteed for 15 days if the options selected and all personal details remain the same. If your client’s quote has expired, please request a new quote before applying.

If we receive your client's pension pot(s) within the 30 days we'll set up your client's plan using the rate used in the quote, or the rates at the time, if they are higher.

If your client's pension pot(s) are received after the extended quote guarantee period expires, then the rates available at the time will apply. This may change the amount they receive.

Please provide below the guaranteed quote reference number(s) your client wishes to accept. We are unable to process your client's application without this information.

 

We cannot accept quotes with IND at start.
We cannot accept quotes with IND at start.
We cannot accept quotes with IND at start.
Where are the funds coming from to buy this annuity? Please tick one of the following options: this field is requiredPlease make sure you have the correct quote reference for the option you pick below.

We will not accept this application if:

  • It’s for anything other than a Pension Annuity.
  • If the funds are from a transfer of funds to the L&G Retirement Pension Scheme and are in drawdown (We can accept full and partial transfers from drawdown via the Open Market Option – please ensure your quote is on the correct basis).
  • The transfer of funds is not from a UK pension scheme.
  • The applicant is not applying on their own behalf but as a nominee, trustee, or in a fiduciary capacity for another person.
  • The pension benefits being used to buy this product relate to a Defined Benefit/Final Salary, Guaranteed Minimum Pension or Guaranteed Annuity Rate transfer, valued at greater than £30,000 and your client has not received advice.
  • Your client is currently living overseas.
Before continuing this field is required

Notes for you about this application

You should ensure that your client reads and understands the Key Features and the Terms and Conditions of this Pension Annuity before completing this application form on their behalf.

If the application takes longer than six months to complete, we’ll require a new declaration to be completed confirming the information previously provided is still valid. We will not complete the application until the new declaration is received.

Personal information

Your client's personal information provided in this application will be shared with fraud prevention agencies to prevent fraud and money-laundering and to verify your client's identity. If fraud is detected, they could be refused certain services, finance, or employment. Further details of how your client's information will be used by us and these fraud prevention agencies, and their data protection rights, can be found on legalandgeneral.com/cifas.

Your client could miss out on extra income that they're entitled to if they have a medical condition you do not tell us about. In some cases the amount could be significant. If they have a medical condition they haven’t already told us about please contact us before continuing with this application.

What needs to be signed and dated

You will be signing this application form on behalf of your client. We will not require a wet signature.

Changes to their details

If any of their details change after you have sent this application to us, please contact us immediately to let us know.

 

I've read and explained these notes to my client. My client has consented to me completing this application form on their behalf and confirmed the accuracy of the information provided by me in this application form. this field is required

Client details

Gender this field is required
Does your client wish to provide a pension to a spouse, registered civil partner or dependant on their death? this field is required

Your client's spouse, registered civil partner or dependant details

Only complete this section if your client has chosen an income for their dependant (shown as ‘Joint Life’ on the quote).

If your client would also like this person to receive any continuing payments from a guaranteed minimum payment period or value protection, please enter their details again in the ‘‘Beneficiary details’ section.

 

For example, husband, wife or partner.
Did you provide medical information on your client's quote? this field is required

Your client's doctor’s details

Only complete this section if medical information has been provided.

If your client's doctor is not UK based, please contact us before completing this form.

 

Your client's spouse, registered civil partner or dependant doctor’s details

If your client's spouse, registered civil partner or dependant doctor is not UK based, please contact us before completing this form.

 

Are their doctor's details the same as the client's? this field is required

Access to medical reports

Under the Access to Medical Reports Act 1988, we reserve the right to apply for a medical report from any doctor who has, at any time, attended your client or if provided your client's spouse, registered civil partner or dependant.

The declaration at the back of this application form gives us your client's consent to apply for such a report if needed.

Before obtaining a report from their doctor, we are obliged to inform them of their rights. These are detailed in the declaration, which you must bring to your client's attention.

Once their income starts we may request additional medical information to ensure that they are receiving the correct annuity income. These requests may include one or more of the following: a report from their doctor, a short medical screening with a nurse or a simple saliva test (to confirm smoking status – if applicable). If this additional medical information differs significantly from that given to us previously, we may increase or decrease their payments in line with this, to ensure they are paid the correct amount.

Payment details

Please give details of where your client's income and any tax-free cash is to be paid. Any tax due will normally be deducted before they receive each payment. All payments will be made to them in British Pounds Sterling. Any conversion to another currency will be at their expense.

Your client must be either the sole or joint account holder.
Has your client selected guaranteed minimum payment period or value protection? this field is required

Beneficiary details

You can tell us below who your client nominates for any continuing payments from a guaranteed minimum payment period. Your client can change their nomination at any time by contacting us. 

Your client’s beneficiary will be chosen by us, but we’ll always take into account any nomination they make.
 
When we decide who to pay, after your client dies, we’ll act on the basis that they’ve agreed to a wider nomination of anyone we choose. This wider nomination gives us more flexibility in who we pay. This is especially helpful if their specific nomination becomes outdated.

Nomination one

 

Beneficiary details

You can tell us below who your client nominates for any continuing payments from a guaranteed minimum payment period. Your client can change their nomination at any time by contacting us. 

Your client’s beneficiary will be chosen by us, but we’ll always take into account any nomination they make.
 
When we decide who to pay, after your client dies, we’ll act on the basis that they’ve agreed to a wider nomination of anyone we choose. This wider nomination gives us more flexibility in who we pay. This is especially helpful if their specific nomination becomes outdated.

If this person is your client’s spouse, registered civil partner or dependant referenced above, please repeat their details below.

Nomination one

The total across all nominees must equal 100%.
For example wife, partner or father.
Would your client like to add another beneficiary? this field is required

Nomination two

The total across all nominees must equal 100%.
For example wife, partner or father.
Would your client like to add another beneficiary? this field is required

Nomination three

The total across all nominees must equal 100%.
For example wife, partner or father.

Your client's pensions

Please give details of each of your client's purchasing or transferring pension scheme(s) including any L&G schemes.

Scheme one

Is the existing plan subject to any existing or proposed trustee in bankruptcy orders, or earmarking or pension sharing orders, or other receiving orders? this field is required
Are the funds already in drawdown? this field is requiredWhen the funds are already in drawdown, we can only accept an Open Market Option transfer. Please make sure your quote reference is correct.
Did your client's plan go into it drawdown before 6th April 2024? this field is required
Is this a full or partial transfer? this field is required
Does your client want to take a tax-free cash sum? this field is required
Who will be paying this sum? this field is requiredIf you have an Open Market Option quote then any tax-free cash would need to be paid by the current provider before the residual is transferred to L&G.
Is the maximum tax-free cash required (normally 25% of the fund value)? this field is required
Would your client like to add another scheme? this field is required

Scheme two

Is the existing plan subject to any existing or proposed trustee in bankruptcy orders, or earmarking or pension sharing orders, or other receiving orders? this field is required
Are the funds already in drawdown? this field is requiredWhen the funds are already in drawdown, we can only accept an Open Market Option transfer. Please make sure your quote reference is correct.
Did your client's plan go into it drawdown before 6th April 2024? this field is required
Is this a full or partial transfer? this field is required
Does your client want to take a tax-free cash sum? this field is required
Who will be paying this sum? this field is requiredIf you have an Open Market Option quote then any tax-free cash would need to be paid by the current provider before the residual is transferred to L&G.
Is the maximum tax-free cash required (normally 25% of the fund value)? this field is required
Would your client like to add another scheme? this field is required

Scheme three

Is the existing plan subject to any existing or proposed trustee in bankruptcy orders, or earmarking or pension sharing orders, or other receiving orders? this field is required
Are the funds already in drawdown? this field is requiredWhen the funds are already in drawdown, we can only accept an Open Market Option transfer. Please make sure your quote reference is correct.
Did your client's plan go into it drawdown before 6th April 2024? this field is required
Is this a full or partial transfer? this field is required
Does your client want to take a tax-free cash sum? this field is required
Who will be paying this sum? this field is requiredIf you have an Open Market Option quote then any tax-free cash would need to be paid by the current provider before the residual is transferred to L&G.
Is the maximum tax-free cash required (normally 25% of the fund value)? this field is required
Would your client like to add another scheme? this field is required

Scheme four

Is the existing plan subject to any existing or proposed trustee in bankruptcy orders, or earmarking or pension sharing orders, or other receiving orders? this field is required
Are the funds already in drawdown? this field is requiredWhen the funds are already in drawdown, we can only accept an Open Market Option transfer. Please make sure your quote reference is correct.
Did your client's plan go into it drawdown before 6th April 2024? this field is required
Is this a full or partial transfer? this field is required
Does your client want to take a tax-free cash sum? this field is required
Who will be paying this sum? this field is requiredIf you have an Open Market Option quote then any tax-free cash would need to be paid by the current provider before the residual is transferred to L&G.
Is the maximum tax-free cash required (normally 25% of the fund value)? this field is required
Would your client like to add another scheme? this field is required

Scheme five

Is the existing plan subject to any existing or proposed trustee in bankruptcy orders, or earmarking or pension sharing orders, or other receiving orders? this field is required
Are the funds already in drawdown? this field is requiredWhen the funds are already in drawdown, we can only accept an Open Market Option transfer. Please make sure your quote reference is correct.
Did your client's plan go into it drawdown before 6th April 2024? this field is required
Is this a full or partial transfer? this field is required
Does your client want to take a tax-free cash sum? this field is required
Who will be paying this sum? this field is requiredIf you have an Open Market Option quote then any tax-free cash would need to be paid by the current provider before the residual is transferred to L&G.
Is the maximum tax-free cash required (normally 25% of the fund value)? this field is required

Lump Sum Allowances

Understanding the rules around the Lump Sum Allowance and the Lump Sum and Death Benefit Allowance is important because if you provide incorrect or incomplete information on your client's behalf, they may become liable to a tax charge.

The Lump Sum Allowance covers:

  • any tax-free lump sums taken before 6 April 2024
  • any tax-free lump sums you have already taken since 6 April 2024
  • the tax-free part of any UFPLS taken since 6 April 2024
  • any tax-free cash that you are about to take.

The Lump Sum and Death Benefit Allowance covers the above items and also includes serious ill-health lump sums taken since 6 April 2024.

 

Is your client about to take a tax-free cash sum that takes them over the current standard Lump Sum Allowance of £268,275? this field is required
Is your client about to take a tax-free cash sum that takes them over the current standard Lump Sum and Death Benefit Allowance of £1,073,100? this field is required
Do they have any protection in place against the Lump Sum Allowance or Lump Sum and Death Benefit Allowance? this field is requiredIf your client doesn't have any protection in place. Please call us on 0345 071 0040. Monday to Friday 9am - 5pm.

As you've selected 'Yes' to the above question.

Once you have submitted this application on your client’s behalf, please upload a copy of your client’s protection certificate in the ‘Any documents to upload’ section at the end of the form.

Declaration and agreement

As an adviser, you’re responsible for retaining evidence that your client has been made aware, understands and agrees to the important information as worded below, before the application is completed. You must agree and provide consent on behalf of your client to continue with their application. Please remember that this is a serious offence to make a false statement, the penalties are severe and could lead to prosecution.

To my current provider(s) and L&G

1. I would like to take benefits from the plan(s) listed in this application.

2. I confirm that I have been provided with copies of the Terms and Conditions and Key Features Document for the Pension Annuity.

3. I authorise L&G, my current provider and any financial adviser/intermediary named in this application to obtain from each other, and release to each other, any information that may be required to enable the transfer of sums and assets to L&G.

4. I accept that in order to comply with regulatory obligations, L&G and my current provider(s) named in this application may need to verify my identity and residential address and may use credit reference agency searches and ask for my documents to verify my identity and address.

5. I agree that my chosen quote and the information contained in this application, plus any medical and/ or lifestyle information provided separately, will be used to determine the benefits to be paid and if any of the information is found to be incorrect my benefits may be adjusted accordingly.

6. If this application relates to immediate vesting, I authorise and instruct you to transfer the sums and assets from the plan/ arrangement(s) as listed in this application directly to the L&G Retirement Pension Scheme, and to provide any instruction and/ or discharge required by any relevant third party to do so. The scheme administrator on behalf of the provider agrees to administer the scheme in accordance with the scheme rules.

7. If this application relates to an Open Market Options, I authorise and instruct you to pay me any tax-free cash sum as indicated, to pay the balance of sums and assets to L&G to provide me with an annuity based on the features set out in the accepted quote referenced in this application, and to provide any instructions and/ or discharge required by any relevant third party to do so.

8. Until this application is accepted and complete, L&G's responsibility is limited to the return of the total payment(s) to my current provider(s).

When payment is made to L&G as instructed, this means I shall no longer be entitled to receive pension benefits from the whole of the plan(s) listed in this application where the whole of the plan(s) is transferring, or that part of the plan(s) represented by the payment(s) if only part of the plan(s) is transferring.

9. I confirm that I have not received financial advice from L&G about purchasing my Pension Annuity. If I’ve asked L&G to arrange payment of an adviser charge, details of this charge will be shown in my quote. By signing this form, I instruct L&G to: 

  • deduct that adviser charge in accordance with my quote; and
  • pay it to my financial adviser’s firm as shown in the quote or in the ‘Financial Adviser / Intermediary’ section of the application form.

Once the annuity has been set up and the cancellation period has expired, I cannot change or cancel the adviser charge. 

10. I confirm that any adviser charge paid on my behalf by my current provider or L&G on the initial set-up of this annuity:

  • is wholly connected to the purchase of this annuity; and
  • is appropriate to the advice and services my adviser provided in relation to this annuity purchase.

If this is not the case, then some or all of the adviser charge and any tax-free cash sum may become liable to a tax charge, which I may be responsible for.

11. I confirm that I have provided only true and accurate information in applying for this transfer. I understand that L&G and my current provider cannot accept responsibility, and are not liable, for any losses resulting from untrue, incorrect or misleading information that I provide, or from any failure on my part to comply with any aspect of this application.

12. Where I have chosen to take tax-free cash, I have not made, and do not intend to make, either directly, indirectly or by someone making contributions on my behalf, a significant increase in my total  contributions to any registered pension scheme.

A significant increase is where the total tax-free cash you receive in the 12-month period ending on the day the tax-free cash from this plan is paid exceeds £7,500, and more than 30% of the total tax-free cash is used to make contributions to one or more registered pension schemes which exceed the expected level of contributions. This includes any contributions you pay directly or indirectly, paid by someone on your behalf such as your employer, or which you may have paid in anticipation of receiving the tax-free cash. 

13. I understand that the banking of the transfer payment by L&G does not constitute acceptance by L&G of the transfer payment. The transfer payment will only be accepted once L&G has received all the necessary information from the trustees or administrator of my previous scheme.

14. I have read guidance from the Financial Conduct Authority or the Pensions Regulator on the risks and warning signs of pension scams before making this application.

15. No benefits under this policy are capable of assignment, surrender or commutation except as provided in the relevant legislation and subject to the agreement of Legal & General Assurance Society Limited.

16. If I have been contracted out under my current plan/arrangement(s), then I agree to L&G calculating the part of the transfer payment to be treated as relating to contracted-out benefits, if this information is not provided.

Cancellation rights

My client understands they have 30 days from the date they receive our confirmation that their policy has started to change their mind. Please refer to the Key Features document for further information.

Marketing consent

Here at L&G we take privacy seriously; this is why we never share your client’s personal details with anyone else for their own marketing purposes. However, from time to time we would like to contact your client with news, useful information and exclusive offers on our products and services.

If your client would like to be kept up to date, please let us know how they would like to hear from us:

 

You may contact my client via:

If now or at any time in the future your client wishes to withdraw their consent (including any consent that you may have previously given on their behalf). They may contact us as directed in our privacy policy.

*for example; via our own systems such as My Account, social media platforms and third-party websites such as YouTube.

Data protection

Protecting your client's personal information is extremely important to us. Please make sure your client has read our privacy notice.

If they are unable to access our privacy notice online, or if they would prefer a paper copy, please contact us.

By agreeing to this application form on behalf of your client they agree to the use of their personal information as set out in the privacy notice.

 

Sensitive data

Please read the following to your client.

L&G will use the medical and health information provided in this form and any other medical information provided in the course of this application solely for the purposes of allowing us to underwrite and administer your policy. Your medical information (and other information collected via this application) may be disclosed to our reinsurer and any other insurance company to whom you apply for products and services.

Under the Access to Medical Reports Act 1988, you have the following rights:

  1. You have the right to withhold your consent for a medical report to be sent to L&G, although if you withhold this consent then L&G will be unable to accept the application.
  2. If you give your consent to the report, you have the right to see the report before the report is sent to L&G. You will have 21 days to contact the doctor to arrange to see the report and the doctor must obtain your further consent before the report is sent on to L&G. If you do not arrange to see the report within 21 days, it will be sent to L&G. you have the right to see the report at any time within six months of it being sent to L&G.
  3. You have the right to request amendments to be made to the report. If the doctor refuses to make the amendments, you have the right to request that the doctor attaches a statement containing your views on the report.
  4. The doctor does not have to let you see any part of a report that he/she considers would be likely to cause serious harm to your physical or mental health or to that of others or would indicate the doctor's intentions towards you. The doctor also does not have to let you see any part of a report which may disclose the identity of another person who has supplied information about you, unless that person has consented or is a health professional caring for you. If the doctor does not let you see any part of a report, he/she must notify you of that fact.

By completing this application on behalf of my client, I confirm that they have been advised of their rights under the Access to Medical Reports Act 1988 and consents to L&G seeking medical information concerning their physical or mental health from any doctor who has attended to them at any time and to the release of this information to L&G.

We will email your client confirming that you've provided medical consent on their behalf.

 

Please accept this field is required
My client this field is required
My client's spouse, registered civil partner or dependant this field is required

Client declaration

I confirm my client has read the Key Features document, the Terms and Conditions of the Pension Annuity and their quotation. 

By ticking the box below and submitting this application form to L&G, your client confirms the following: 

  • All the information given in this application form is true and complete to the best of their knowledge. 
  • They have read and understood the Declaration and agree to its terms.
  • They agree to be bound by the Terms and Conditions of the Pension Annuity. 
  • They agree to the use of my information as set out in the privacy notice.

 

Client this field is required
Spouse, registered civil partner or dependant this field is required

Financial adviser/intermediary details

We need information about you in your capacity as an adviser. All sections required.

Did your client receive advice regarding the sale of this product? this field is required
Is this a transfer from a UK pension scheme? this field is required
Is the applicant applying on their own behalf and not as a nominee, trustee, or in a fiduciary capacity for another person? this field is required

DB to DC Transfers

Does this application relate to a Defined Benefit/Final Salary or GMP transfer into the L&G Retirement Pension Scheme for Immediate Vesting? this field is required
Is the value of the gross transfer value greater than £30,000? this field is requiredFor Defined Benefit/Final Salary or GMP transfers valued at greater than £30,000, it is a regulatory requirement for full advice or a personal recommendation to be given by a financial adviser with the required permissions.

Adviser details

If you don't know your agency number, please email agency.admin@landg.com or call 0370 9005 010.

Full name and title of financial intermediary

Adviser declaration

I confirm that by completing my details and ticking the box below:

  1. All the information given by me in this application form is true and complete to the best of my knowledge.
  2. As the agent submitting this application, if the product is a transfer to the L&G Retirement Pension Scheme, I instruct L&G to record this pension transfer under my firm's agency details as stated on this application.
  3. I will contact the originating scheme to notify them that the fund is going to buy an annuity with us. This also applies if the fund to buy the annuity originates from a L&G plan. You will need to contact the appropriate claims area.
Adviser this field is required
Do you want a copy of the application sent to you via email? this field is requiredWe will send this to you within five working days once the application has been inputted onto our systems.
If you need to send any additional documents then you can upload it here. The maximum file size needs to under 20mb and needs to be one of these file types; pdf, xlsx, docx, xls, doc, ppt, pptx, jpg, jpeg, jpe, gif, png.
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