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Retirement products

Our range of retirement income and later life mortgage products could help you achieve a more colourful retirement

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Saving in a pension

Saving for a comfortable retirement

Personal pension

Not eligible for a Workplace pension or want to supplement your pensions savings?

Start from £100. Simple range of five funds. Tax efficient. Transfer an existing pension

Save with a workplace pension

Workplace pension

Already in a workplace pension or received an enrolment notification?

Learn how to make the most of your workplace pension and the benefits of saving now.

Retirement income

Guaranteed income for life

Pension Annuity

Use your pension pot to buy a guaranteed, regular income for life.

Peace of mind knowing exactly how much you’ll receive and when.

Take up to 25% of your pension pot as a tax-free lump sum.

Guaranteed income for a set period

Cash-Out Retirement Plan

Use your pension pot to buy a regular income for up to 25 years

Could be a tax-efficient way to take cash or use as a bridge to a future date when another source of income starts.

Take up to 25% of your pension pot as a tax-free lump sum.

Guaranteed income for a set period with a lump sum at the end

Fixed Term Retirement Plan

Use your pension pot to buy a regular income for up to 25 years, with a lump sum at the end.

Security of regular income for a set period, and various options on what to do with your lump sum once the plan has matured.

Take up to 25% of your pension pot as a tax-free lump sum.

Flexible income

Personal Pension Drawdown

Take up to 25% of your pension pot as a tax-free lump sum.

Invest the rest with the flexibility to access the remainder of your pot when you want.

Advice on using your pension

Retirement Advice Service

Pension planning advice from our team of expert financial advisers.

Our advisers are regulated by the Financial Conduct Authority (FCA) to give pension advice on an impartial basis. That means they won’t just include our products in the recommendation they give you – if there’s a better option available, they’ll let you know.

Later life mortgages

A loan secured against your home where you don’t have to make monthly payments

Lifetime Mortgages

A form of equity release for over 55s. The amount borrowed plus interest doesn’t need to be repaid until you die or move into long-term care.

You can use the money to repay an existing mortgage or spend it on something else.

The amount you can borrow is determined by your age and property value and there’s no affordability assessment. You have the option to pay all, some or none of the interest

A loan secured against your home where you make monthly payments for a set period

Payment Term Lifetime Mortgage

A form of equity release for ages 50 and over and in employment. The amount borrowed plus any unpaid interest doesn't need to be repaid until you die or move into long-term care.

You can use the money to repay an existing mortgage or spend it on something else.

The amount you can borrow is determined by your age, property value and affordability assessment. You have to pay all of the monthly interest for an agreed Payment Term which cannot exceed your retirement age or your 75th birthday. As a last resort, your home may be repossessed if you do not keep up payments.

A loan secured against your home where you make monthly payments

Retirement Interest Only Mortgage

A type of residential mortgage for over 55s, the amount borrowed doesn’t need to be repaid until you die or move into long-term care.

You can use the money to repay an existing mortgage or spend it on something else.

You can borrow up to 60% of the value of your home and need to be able to afford the monthly interest payments. As a last resort, your home may be repossessed if you do not keep up payments.

Next steps

Always seek guidance first before choosing which product is right for you.

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Our complete retirement service

Wherever you are on your retirement journey, we can help

Call us about using your pension pot

Our UK colleagues can answer your questions in office hours, or can help you apply for a quote.

0808 189 9551

Lines are open Monday to Friday
9.00am to 5.30pm
We may record and monitor calls.

Contact us about equity release

To discuss our Lifetime Mortgages, a loan secured against your home, and if they're right for you. 

Call us on:

0808 115 8129

Monday to Friday 9am to 5:30pm.

We may record and monitor calls

Existing Customers

If you’re an existing customer looking for some help find out who can best help you with your query.