Our annuity products
Our annuity products
Pension Annuity
Allows your clients to plan their future knowing what their income will be each year, confident that payments won't fall, with the choice of a fixed or increasing income.
Fixed term annuities
Our Fixed Term Retirement Plan and Cash-Out Retirement Plan allow your clients to receive regular income payments over a term of between 3 and 25 years.
Compare our annuity products
Our annuity products may appear similar, but it's important to understand the differences between each product. We've pulled out some of the key points below.
Pension Annuity | Fixed Term Retirement Plan | Cash-Out Retirement Plan | ||
|---|---|---|---|---|
Age | 55+ | 55+ | 55+ | |
Minimum investment | £10,000 | £10,000 | £10,000 | |
Maximum investment | £1,000,000. If over that amount, it will be passed to our underwriting team | Unlimited - but additional checks to be carried out on large amounts | Unlimited - but additional checks to be carried out on large amounts | |
Source of funds | Pension savings | Pension savings | Pension savings | |
Term | Life | 3 to 25 years | 3 to 25 years | |
Guaranteed Minimum Payment Period | 1 to 30 years | Included for full term | Included for full term | |
Ability to cash in or transfer during the plan | Included1 | Included1 | ||
Ability to take withdrawals during the plan | Included2 | |||
Value Protection | ||||
Spouse/Dependant benefit | ||||
Maturity value | ||||
Option to choose an increasing income in line with Retail Prices Index (RPI)3 | ||||
Option to choose an increasing income by a fixed percentage | ||||
Underwritten | ||||
1Available at any time during the term of your client's plan. We’ll calculate this by giving a value to the future income payments and/or maturity due to them and deduct our administration and dealing costs. This will be affected by the underlying assets and interest rates at the time, which will go up and down. 2Your client has the option to take up to three withdrawals from the full maturity value. This can be done at any time during the term of the plan, and is subject to a minimum withdrawal of £5,000 each time. This will be subject to us deducting our administration and dealing costs and means the maturity value will be recalculated. 3RPI is the index of the average change in the prices of goods and services in the UK. For our Pension Annuity, your client can choose to have the increase capped at 5%, referred to as the Limited Price Index (LPI). If they choose an income that increases over time, the income we’ll pay them to begin with will be lower than if they'd chosen a level income.
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Need help with a quote?
Annuity Specialists Team
Speak to our team for help with your annuity quotes and applications. Call our team on:
0370 024 0108 or email them*
Monday to Friday 9am – 5pm. Call charges will vary. We may record and monitor calls.