What is a Fixed Term Retirement Plan?

Choosing our Fixed Term Retirement Plan means you’ll get a pre-agreed regular income over your chosen period of between 3 and 25 years. And you’ll get a lump sum, known as the maturity value, at the end of the term. Our Fixed Term Retirement Plan does not provide an income for life but you may sometimes hear or see this type of plan called a fixed term annuity.

Our Fixed Term Retirement Plan can be tailored to suit your needs in retirement. Please be aware, the options you pick will affect the level of income you’ll get.

It’s important to shop around and get as much guidance and advice as you can before you decide to buy. Other providers may have more appropriate products or be able to offer a higher level of retirement income.

  • Choose the length of your plan
  • Get a fixed income
  • Get a lump sum at the end of your term