Retirement Advantage products

The Retirement Account

The Retirement Account combines a Guaranteed Annuity, a Pension Drawdown facility and a Cash Account, all held within a single tax-advantaged wrapper written under Pension Drawdown rules.

Guaranteed Annuity

This annuity provides a regular guaranteed income for life. The income paid takes account of an individual’s demographic, lifestyle and medical situation.

Flexible Income Annuity

Important note: The Flexible Income Annuity is now closed to new business - Find out more

An investment-linked annuity which provides flexibility to change income levels at different stages of retirement, a minimum income guarantee and the potential for income growth. 

Equity Release - Lifestyle Options

Our Lifestyle Options provide a tax-free lump sum. Your customer doesn't have to make any payments on the amount that they release. Instead, the interest is added to the mortgage balance each month for the duration of the mortgage. The interest rate is fixed for the mortgage term.

Equity Release - Interest Select Options

Our Interest Select Options provide a tax-free lump sum. Unlike our Lump Sum Options, Interest Select has been developed for customers who wish to release equity but who are able to pay either some, or all, of the interest each month. This means that you can avoid the impact of interest roll-up.

Equity Release - Voluntary Select Options 

Our Voluntary Select Options provide a tax-free lump sum. They offer your customers flexibility and choice, and allow your client to repay up to 10% of the initial loan amount each year, without an early repayment charge.