CIS INDIVIDUAL PERSONAL PENSION. Reminder of important facts. Pensions

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "CIS INDIVIDUAL PERSONAL PENSION. Reminder of important facts. Pensions"

Transcription

1 CIS INDIVIDUAL PERSONAL PENSION Reminder of important facts Pensions

2 What is an Individual Personal Pension plan? Your pension plan is a tax-efficient way of building up a pension pot to provide you with pension benefits in your retirement. The options available to you are included in the Taking your pension benefits section. Do I get tax relief on my pension contributions? To encourage people to save for their retirement, the Government gives basic rate income tax relief on your pension contributions. Basic rate taxpayers For basic rate taxpayers this means that if, for example, you pay 80 a month into your Individual Personal Pension plan, we would collect an additional payment of 20 from the Government and pay this into your plan. You would then have 100 a month being invested in your plan. Higher and additional rate taxpayers Higher rate and additional rate taxpayers also qualify for basic rate income tax relief. If you are a higher rate or additional rate taxpayer, and you pay the same 80 a month into your Individual Personal Pension plan, we would collect the same additional payment of 20 from the Government and pay this into your plan. You may then be able to claim further tax relief through your Self Assessment tax return if you complete one, or by asking H.M. Revenue and Customs to adjust your PAYE (Pay As You Earn) tax code if you don t. Where can I invest my pension contributions? You can invest your pension contributions in a range of Royal London funds managed by our own fund managers, or in a selection of other funds managed by expert and leading fund managers. Different levels of risk apply to different funds. We recommend that you choose a fund, or combination of funds, that suits your goals and your own attitude to risk. A general principle is that potential return rises with an increase in risk. Each fund is split into units and each contribution you make buys you a certain number of units in the funds of your choice. The value of your plan at any time is the number of units you have in each fund multiplied by the current unit price. The value of your plan can go up and down, reflecting daily changes in the value of the investments held in each fund. It s a good idea to regularly review your investment choice (at least annually). We publish the unit prices on our website royallondongroup.co.uk/rlcis, along with a Fund Guide that includes more information (including charges) on the funds we offer. You can switch the money you ve already saved in your pension pot to a different fund or you can direct future pension contributions to a different fund.

3 What is the Royal London With-Profits Pension Fund? The Royal London With-Profits Pension Fund, referred to here as the with-profits fund, operates slightly differently to our other funds. The value of the investments in this fund will still fluctuate, reflecting daily price changes in the underlying assets; however, we smooth our investment returns to protect against extreme changes in investment markets. By smoothing we mean we hold back some of the profit made when investment returns are good, so that we can increase returns at a later date if investment returns are lower, giving a more stable return. We do not profit from managing this fund in this way all money in the fund goes back to the policyholders. We explain how we manage the withprofits fund in the Principles and Practices of Financial Management (PPFM) of the RLCIS With-Profits Pension Fund document, available on our website royallondongroup.co.uk/rlcis or on request. In the event of conflict between this guide and the PPFM, the PPFM shall prevail. What is a Market Value Reduction? In certain circumstances it may be necessary to reduce the plan value available to those who are taking money out of the with-profits fund. We would do this by applying a Market Value Reduction (MVR). It is most likely that we ll need to apply an MVR when a large amount of money is being taken out of the withprofits fund at a time when investment values have been particularly depressed. We would only use an MVR in order to maintain a fair level of return to everyone still invested in the with-profits fund. If we didn t apply one, the extra amount given to someone leaving the fund would have to come from other investors who might, therefore, receive less than their fair share. An MVR will not be applied in the event of a death claim or at retirement. How flexible is my Individual Personal Pension plan? You can take up to two contribution holidays in any 12-month period. You can also increase, decrease, stop and restart your pension contributions at any time. However, any contributions you do make must be at least 75 per month. You can make lump sum payments into your plan at any time. You can change where your funds are invested at any time by switching your funds and you can also invest in any number or combination of the funds available. If your employer is contributing into your plan, and you change jobs, you may be able to continue paying into your plan. When can I take my pension benefits? Pension benefits can be taken from age 55. We will write to you in the months leading up to your Chosen Retirement Date* to inform you of your retirement options, unless you contact us to request an earlier retirement date.

4 Taking your pension benefits The Government has made a number of changes to the way in which you can take your pension benefits. This means that you now have more choice than ever before in how you can take the pension pot you have saved. In summary, these choices are: Option 1 Take all your pension pot as a single lump sum (25% is tax free). Option 2 Convert your pension pot into a guaranteed income for the rest of your life. This is called an annuity (including the option to take up to 25% as tax free cash). Option 3 Take some of your pension pot and leave the rest invested for another time. You can take a series of lump sum payments or income at different times or a mix of both (including the option to take up to 25% as tax free cash). Option 4 Postpone taking your pension pot you can leave your pension benefits with us until you are age 75, after which you will be required to take your pension benefits. You cannot normally take advantage of these options until you have reached age 55. However, if you are unable to work because of poor health then you may be able to take your benefits earlier. As you approach your Chosen Retirement Date, we will send you a detailed pack with all your options and details of what you need to do. To help you understand your options and make the right choices, the Government is making available a free and impartial guidance service - Pension Wise. We strongly recommend that you use this service to help you understand your options and make the right decision. You can access Pension Wise online by visiting gov.uk/pensionwise. This service will not provide advice or recommend specific products or providers. If you feel you need advice, we recommend you talk to a financial adviser. If you do not have a financial adviser, you can get details of local financial advisers by visiting unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost to you beforehand. What happens if I die before I take my pension benefits? If you die before you take your pension benefits, we will return the value of your pension pot to your beneficiaries. If you die before the age of 75, it will normally be paid tax free. If you die after the age of 75, it will be subject to tax at 45% if it is paid before 6 April After this date it will be taxed as income, i.e. depending on their total taxable income in a year, your beneficiary may pay income tax on these payments. If you purchased separate life cover with your pension, and this cover is in force when you die, then we will pay an additional lump sum benefit. What happens if I am in ill-health? If you took out the Payment Cover for Sickness option with your pension plan, and are still paying for this cover, please contact us if you are unable to work for any significant period. We may be able to pay your pension contributions for you.

5 If you are unsure whether you have payment for sickness cover, please contact us on If you retire early due to ill health, we may be able to make special arrangements for when and how you access your pension pot. Can I transfer my plan? You can transfer your plan to another pension provider at any time before you take your pension benefits. We will not charge you for doing this. We recommend that you speak to a financial adviser before you transfer your plan. Additional information This guide is a short reminder of the main features of your Individual Personal Pension plan and any important changes that might affect your plan. You should refer to the policy document we sent to you when you took out your plan, together with any contract endorsements, for more detailed information. In the event of conflict between this guide and the policy document, the policy document will prevail. Notes *Throughout this document, whenever we refer to Chosen Retirement Date, this is the date that you originally stated you would like to retire and is the date shown on your annual statement (unless subsequently changed).

6 If you would like a copy of this leaflet in large print, audio or Braille, please call us on Royal London Churchgate House, 56 Oxford Street, Manchester, M1 6EU royallondon.com The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number Registered office: 55 Gracechurch Street, London, EC3V 0RL. MKT2624_RL 04/2015

Reminder of important facts Pensions

Reminder of important facts Pensions CIS PENSION ANNUITY POLICY Reminder of important facts Pensions What is a Pension Annuity policy? Your pension policy is a tax-efficient way of building up a pension pot to provide you with pension benefits

More information

PENSION TRANSFER POLICY

PENSION TRANSFER POLICY Pensions OPTION 32 PENSION TRANSFER POLICY Reminder of important facts What is an Option 32 Pension Transfer policy? You transferred benefits from a previous employer s occupational pension scheme (OPS)

More information

A guide to your savings and life insurance policy

A guide to your savings and life insurance policy With-Profits Guide A guide to your savings and life insurance policy (With-Profits Endowment policies) Your policy A reference guide to how your savings and life insurance policy works At a glance some

More information

Key Features of the Stakeholder Pension Scheme

Key Features of the Stakeholder Pension Scheme Key Features of the Stakeholder Pension Scheme Reference MPEN2/A 07.16 The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life and Pensions Limited, to give you

More information

KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN

KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN KEY FEATURES OF THE GROUP PERSONAL PENSION PLAN The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information to help you to decide

More information

WITH-PROFITS GUIDE A GUIDE TO YOUR WHOLE LIFE ASSURANCE POLICY

WITH-PROFITS GUIDE A GUIDE TO YOUR WHOLE LIFE ASSURANCE POLICY WITH-PROFITS GUIDE A GUIDE TO YOUR WHOLE LIFE ASSURANCE POLICY CONTENTS Page 1 Introduction 2 2 What is this guide for? 2 3 What is a with-profits policy? 2 4 What are the guarantees? 3 5 What are the

More information

The Personal Range Key Features of the Individual Personal Pension

The Personal Range Key Features of the Individual Personal Pension The Personal Range Key Features of the Individual Personal Pension Reference MPEN11/A 04.16 The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life and Pensions

More information

WITH-PROFITS GUIDE A GUIDE TO YOUR SAVINGS AND LIFE INSURANCE POLICY (WITH-PROFITS ENDOWMENT POLICIES)

WITH-PROFITS GUIDE A GUIDE TO YOUR SAVINGS AND LIFE INSURANCE POLICY (WITH-PROFITS ENDOWMENT POLICIES) WITH-PROFITS GUIDE A GUIDE TO YOUR SAVINGS AND LIFE INSURANCE POLICY (WITH-PROFITS ENDOWMENT POLICIES) CONTENTS Page 1 Introduction 2 2 What is this guide for? 2 3 What is a with-profits policy? 2 4 What

More information

UNIT TRUSTS. Reminder of important facts. Unit Trusts

UNIT TRUSTS. Reminder of important facts. Unit Trusts UNIT TRUSTS Reminder of important facts Unit Trusts What is a Unit Trust? A Unit Trust is designed to provide you with easy access to a variety of investments, from the UK and overseas, such as shares,

More information

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme

Important information. Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Important information Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme > Contents About this booklet 4 About the Teachers AVC Scheme 5 Its aim 5 Your commitment 5 Risks 6 Questions

More information

KEY FEATURES OF THE INCOME DRAWDOWN PLAN. Important information you need to read

KEY FEATURES OF THE INCOME DRAWDOWN PLAN. Important information you need to read KEY FEATURES OF THE INCOME DRAWDOWN PLAN Important information you need to read THE FINANCIAL CONDUCT AUTHORITY (FCA) IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE YOU THIS

More information

Prudential Personal Pension Plan top-up Example Illustrations for monthly and single payments

Prudential Personal Pension Plan top-up Example Illustrations for monthly and single payments Prudential Personal Pension Plan top-up Example Illustrations for monthly and single payments The Financial Conduct Authority is a financial services regulator. It requires us, Prudential, to give you

More information

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,

More information

Key Features of the Universities Superannuation Scheme Money Purchase AVC Facility

Key Features of the Universities Superannuation Scheme Money Purchase AVC Facility Key Features of the Universities Superannuation Scheme Money Purchase AVC Facility Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires

More information

Key Features of the Flexible Retirement Income Plan

Key Features of the Flexible Retirement Income Plan Key Features of the Flexible Retirement Income Plan The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life Limited, to give you this important information to help

More information

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales

Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Key Features of the Local Government Additional Voluntary Contributions (AVC) Scheme for England & Wales Important information you need to read The Financial Conduct Authority is an independent financial

More information

Key Features of the Prudential Premier Personal Pension Plan

Key Features of the Prudential Premier Personal Pension Plan Key Features of the Prudential Premier Personal Pension Plan Important information you need to read The Financial Conduct Authority is a financial services regulator. Prudential is required to give you

More information

Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme

Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Key Features of the Teachers Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,

More information

Important information. Key Features of the Money Purchase Plan

Important information. Key Features of the Money Purchase Plan Important information Key Features of the Money Purchase Plan > Contents About this booklet 4 About our Money Purchase Plan 5 Its aim 6 Your commitment 6 Risks 7 Questions and Answers 8 Your Money Purchase

More information

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED.

PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. PENSIONS REFORM 6 APRIL 2015 YOUR QUESTIONS ANSWERED. Following Government changes effective on 6 April 2015, there are different ways for anyone over 55 to access their defined contribution pension pots

More information

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) Important information you need to read

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) Important information you need to read KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE

More information

KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read

KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read KEY FEATURES OF THE PERSONAL PENSION (TOP UP PLAN) Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR. IT REQUIRES US, SCOTTISH WIDOWS, TO GIVE YOU

More information

Group Additional Voluntary Contributions Plan Key features

Group Additional Voluntary Contributions Plan Key features Group Additional Voluntary Contributions Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

MORE CHOICE MORE FREEDOM

MORE CHOICE MORE FREEDOM LOOK FORWARD TO MORE CHOICE MORE FREEDOM A guide to Income Release Pension Portfolio royallondon.com WELCOME TO ROYAL LONDON We re a mutual organisation and, unlike a PLC, we don t have any shareholders

More information

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read

KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT. Important information you need to read KEY FEATURES OF THE SELF-INVESTED PERSONAL PENSION (SIPP) FOR INCOME DRAWDOWN OR PHASED RETIREMENT Important information you need to read THE FINANCIAL CONDUCT AUTHORITY IS A FINANCIAL SERVICES REGULATOR.

More information

STAKEHOLDER PENSION. KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in future.

STAKEHOLDER PENSION. KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in future. STAKEHOLDER PENSION KEY FEATURES. This is an important document that you should read and keep in a safe place. You may need to read it in future. 2 STAKEHOLDER PENSION KEY FEATURES USING THIS DOCUMENT.

More information

IMPORTANT DOCUMENT PLEASE READ WESLEYAN PERSONAL PENSION PLAN

IMPORTANT DOCUMENT PLEASE READ WESLEYAN PERSONAL PENSION PLAN IMPORTANT DOCUMENT PLEASE READ WESLEYAN PERSONAL PENSION PLAN 02 Wesleyan Personal Pension Plan KEY FEATURES OF THE WESLEYAN PERSONAL PENSION PLAN The Financial Conduct Authority is a financial services

More information

Group Personal Pension Key features

Group Personal Pension Key features Group Personal Pension Key features This is an important document. Please read it and keep for future reference. Key features document: Pages 1 17 Terms and conditions for joining: Pages 18 20 The Financial

More information

Norwich Union Stakeholder Pension. Your Guide

Norwich Union Stakeholder Pension. Your Guide Norwich Union Stakeholder Pension Your Guide Welcome to Norwich Union By choosing Norwich Union, you benefit from the financial strength of the UK s largest insurer. Together with millions of customers,

More information

Key Features of the Prudential Personal Pension Scheme

Key Features of the Prudential Personal Pension Scheme Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,

More information

PASSING ON YOUR PENSION. A guide to death benefits from income drawdown. Retirement Solutions

PASSING ON YOUR PENSION. A guide to death benefits from income drawdown. Retirement Solutions PASSING ON YOUR PENSION A guide to death benefits from income drawdown Retirement Solutions It s now easier than ever to pass any remaining money in your pension to the people you love when you die. New

More information

Key Features of the Personal Pension

Key Features of the Personal Pension Key Features of the Personal Pension For plans started after 12 December 2004 Key Features of the Personal Pension The Financial Services Authority is the independent financial services regulator. It

More information

FORMER BRITANNIC ASSURANCE PERSONAL PENSION PLAN (CHANNEL ISLANDS)

FORMER BRITANNIC ASSURANCE PERSONAL PENSION PLAN (CHANNEL ISLANDS) Important Information for Phoenix Life Limited Britannic With-Profits Fund Customers FORMER BRITANNIC ASSURANCE PERSONAL PENSION PLAN (CHANNEL ISLANDS) 1 January 2016 Your investment with Phoenix Life

More information

Retirement Account Plan Key features

Retirement Account Plan Key features Retirement Account Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator. It requires us, Standard

More information

Important information. Key Features of the Income Choice Annuity

Important information. Key Features of the Income Choice Annuity Important information Key Features of the Income Choice Annuity Important information The Financial Conduct Authority is a financial services regulator. Prudential is required to give you the important

More information

Self Invested Personal Pension. How it can work for you

Self Invested Personal Pension. How it can work for you Self Invested Personal Pension How it can work for you 2 Self Invested Personal Pension Contents 02 A single home for your pensions 03 Maximising your tax efficiency 04 Take charge of your payments 06

More information

partnership pension account A guide to available benefits

partnership pension account A guide to available benefits partnership pension account A guide to available benefits Contents partnership pension account 3 Paying into your pension 4 Choosing your pension fund 8 How to open a partnership pension account 13 Leaving

More information

HOW WE MANAGE THE PHOENIX LIFE LIMITED PHOENIX WITH-PROFITS FUND

HOW WE MANAGE THE PHOENIX LIFE LIMITED PHOENIX WITH-PROFITS FUND HOW WE MANAGE THE PHOENIX LIFE LIMITED PHOENIX WITH-PROFITS FUND A guide for policyholders with unitised with-profits policies (except for Profit Plus Fund policies) invested in this fund The aims of this

More information

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account

The Personal Range Key Features of the Individual Personal Pension Transfer Value Account The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends

More information

Key Features of the Prudential Investment Plan (including additional investments)

Key Features of the Prudential Investment Plan (including additional investments) Key Features of the Prudential Investment Plan (including additional investments) Applicable to plans originally taken out from 11 November 2013 Important information you need to read Braille, large print

More information

> How does our With-Profits Fund work? > What are bonuses? > How are regular bonuses worked out?

> How does our With-Profits Fund work? > What are bonuses? > How are regular bonuses worked out? Your With-Profits Plan a guide to how we manage the Fund Conventional With-Profits Plans originally issued by Scottish Amicable Life Assurance Society (SALAS) Your With-Profits Plan is a medium to long-term

More information

Key Features of the Prudential Savings Account Top Up Investment

Key Features of the Prudential Savings Account Top Up Investment Key Features of the Prudential Savings Account Top Up Investment Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential, to

More information

Important information. Key Features of the Prudential Group Personal Pension Plan

Important information. Key Features of the Prudential Group Personal Pension Plan Important information Key Features of the Prudential Group Personal Pension Plan > Contents About this booklet 5 About our Group Personal Pension Plan 6 Its aim 7 Your commitment 7 Risks 8 Questions and

More information

KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP)

KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP) KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP) 2 INTRODUCTION The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you

More information

Key Features of the NFU Mutual Pension Annuity

Key Features of the NFU Mutual Pension Annuity Key Features of the NFU Mutual Pension Annuity Contents Who should buy this product? page 1 Its Aim page 1 Your Commitment page 1 Risks page 1 How do pensions work? page 2 What is a Pension Annuity? page

More information

Key Features of the Guaranteed Pension Annuity

Key Features of the Guaranteed Pension Annuity Key Features of the Guaranteed Pension Annuity Important information you need to read The Financial Conduct Authority is a financial services regulator. Prudential is required to give you the important

More information

Your retirement income. Exploring your options

Your retirement income. Exploring your options Your retirement income Exploring your options Contents 01 Accessing your pension savings with Standard Life 03 What do you want to do with your pension pot? 09 A regular retirement income for the rest

More information

Your With-Profits Plan a guide to how we manage the Fund PruFund (Pricing Series D) range of funds

Your With-Profits Plan a guide to how we manage the Fund PruFund (Pricing Series D) range of funds Your With-Profits Plan a guide to how we manage the Fund PruFund (Pricing Series D) range of funds Your Prudential With-Profits Plan is a medium to long-term investment that: > combines your money with

More information

Key features of the Aviva Self Invested Personal Pension

Key features of the Aviva Self Invested Personal Pension Key features of the Aviva Self Invested Personal Pension Retirement Investments Insurance Health Key features of the Aviva Self Invested Personal Pension The Financial Conduct Authority is a financial

More information

Active Money Personal Pension Key Features

Active Money Personal Pension Key Features Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

Beaufort Self Invested Personal Pension. Key Features Document

Beaufort Self Invested Personal Pension. Key Features Document Beaufort Self Invested Personal Pension Key Features Document Introduction The purpose of this document is to provide important information to help you to decide whether our SIPP is right for you. You

More information

Key features of the Flexible Pension Plan

Key features of the Flexible Pension Plan For customers Key features of the Flexible Pension Plan Contents Its aims 2 Your commitment 2 Risks 3 Questions and answers 4 Other information 8 How to contact us 9 The Financial Conduct Authority is

More information

KEY FEATURES OF THE GROUP STAKEHOLDER PENSION SCHEME

KEY FEATURES OF THE GROUP STAKEHOLDER PENSION SCHEME KEY FEATURES OF THE GROUP STAKEHOLDER PENSION SCHEME The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life Limited to give you this important information to help

More information

Group Flexible Retirement Plan Key features

Group Flexible Retirement Plan Key features Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. The Financial Conduct Authority is a financial services regulator. It requires

More information

KEY FEATURES OF THE DEATH

KEY FEATURES OF THE DEATH investment BOND with death guarantee KEY FEATURES OF THE investment BOND with DEATH guarantee. For additional investments into existing contracts only This is an important document. Please keep it safe

More information

Free Standing Additional Voluntary Contributions Plan Key Features

Free Standing Additional Voluntary Contributions Plan Key Features Free Standing Additional Voluntary Contributions Plan Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is a financial services regulator.

More information

Important information. Key Features of the Prudential Savings Account Top Up Investment

Important information. Key Features of the Prudential Savings Account Top Up Investment Important information Key Features of the Prudential Savings Account Top Up Investment > Contents About this booklet 4 About the Prudential Savings Account 4 Its aim 5 Your Commitment 5 Risks 5 Questions

More information

Your With-Profits Plan a guide to how we manage the Fund PruFund range of funds

Your With-Profits Plan a guide to how we manage the Fund PruFund range of funds Your With-Profits Plan a guide to how we manage the Fund PruFund range of funds Your Prudential With-Profits Plan is a medium to long-term investment that: > combines your money with money from other with-profits

More information

Group Flexible Retirement Plan Key features

Group Flexible Retirement Plan Key features Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. The Financial Services Authority is the independent financial services regulator.

More information

YOUR COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want

YOUR COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want YOUR COMPANY PENSION GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want SUPPORTING LITERATURE AND TOOLS TO HELP YOU MAKE DECISIONS ABOUT YOUR COMPANY PENSION LITERATURE Key

More information

Instruction for payment of death benefits

Instruction for payment of death benefits Instruction for payment of death benefits Group Flexible Retirement Plan/ Active Money Personal Pension/ Personal Pension/Stakeholder Pension Filling in this form 0515 Your payments aim to build up a fund

More information

THE MERLIN ENTERTAINMENTS PLC

THE MERLIN ENTERTAINMENTS PLC THE MERLIN ENTERTAINMENTS PLC GROUP PERSONAL PENSION PLAN A guide to help you prepare for the retirement you want Your Merlin company pension is provided by Scottish Widows in association with JLT. SUPPORTING

More information

HOW OUR WITH PROFITS FUND WORKS FOR POLICIES WHERE PREMIUMS ARE USED TO BUY UNITS

HOW OUR WITH PROFITS FUND WORKS FOR POLICIES WHERE PREMIUMS ARE USED TO BUY UNITS HOW OUR WITH PROFITS FUND WORKS FOR POLICIES WHERE PREMIUMS ARE USED TO BUY UNITS 02 How our With Profits Fund works HOW OUR WITH PROFITS FUND WORKS For policies where premiums are used to buy units Please

More information

Key features. For customers One Retirement

Key features. For customers One Retirement For customers One Retirement Key features Contents Its aims 02 Your commitment 02 Risks 03 Questions and answers 04 Secure retirement income (SRI) 08 Other information 11 How to contact us 12 The Financial

More information

Your options at retirement

Your options at retirement Your options at retirement How you can take your pension with us B&CE pension schemes include: The People s Pension EasyBuild Stakeholder Pension & EasyBuild S2P TUTMAN B&CE Contracted-out Pension Scheme

More information

Key features of the Group Personal Pension Plan

Key features of the Group Personal Pension Plan For employees Key features of the Group Personal Pension Plan Contents Important note 2 Its aims 2 Your commitment 2 Risks 3 Questions and answers 4 Other information 9 How to contact us 12 The Financial

More information

Guaranteed Annuity. Key Features. This is an important document and you should read it before deciding whether to buy your pension annuity from us

Guaranteed Annuity. Key Features. This is an important document and you should read it before deciding whether to buy your pension annuity from us Guaranteed Annuity Key Features This is an important document and you should read it before deciding whether to buy your pension annuity from us 2 Purpose of this document Guaranteed Annuity Key Features

More information

Elite Retirement Account TM

Elite Retirement Account TM Elite Retirement Account TM Key Features of the Elite Retirement Account The Elite Retirement Account (ERA) is a Self Invested Personal Pension (SIPP). A SIPP is a personal pension that allows you greater

More information

HOW WE MANAGE THE PHOENIX LIFE LIMITED SPI WITH-PROFITS FUND

HOW WE MANAGE THE PHOENIX LIFE LIMITED SPI WITH-PROFITS FUND HOW WE MANAGE THE PHOENIX LIFE LIMITED SPI WITH-PROFITS FUND A guide for trustees with Simplified Pension Investment deposit administration policies invested in this fund The aims of this guide The guide

More information

Key features of the Home Retail Group Personal Pension Plan

Key features of the Home Retail Group Personal Pension Plan Key features of the Home Retail Group Personal Pension Plan This is an important document which you should keep in a safe place. You may need to read it in future. Home Retail Group Personal Pension Plan

More information

Group Flexible Retirement Plan. Staff Guide

Group Flexible Retirement Plan. Staff Guide Group Flexible Retirement Plan Staff Guide Terms and information you may need to know Company Jones Lang LaSalle and any other company participating in the Plan. Contribution rates The contribution rates

More information

Important information. Key Features of the Retirement Annuities (Section 226 Increments) Plan

Important information. Key Features of the Retirement Annuities (Section 226 Increments) Plan Important information Key Features of the Retirement Annuities (Section 226 Increments) Plan > Contents About this booklet 4 The Financial Conduct Authority 4 Its aims 4 Your commitment 4 Risks 5 Questions

More information

Key Features of the Ascentric Pension Account (SIPP)

Key Features of the Ascentric Pension Account (SIPP) Key Features of the Ascentric Pension Account (SIPP) Introduction The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you

More information

Key Features for an additional investment into the Investment Portfolio Bond

Key Features for an additional investment into the Investment Portfolio Bond Key Features for an additional investment into the Investment Portfolio Bond Reference XINV16/Z 22.05.2014 The Financial Conduct Authority is a financial services regulator. It requires us, Friends Life,

More information

Self Invested Personal Pension for Wrap Key Features

Self Invested Personal Pension for Wrap Key Features Self Invested Personal Pension for Wrap Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is an independent financial services regulator.

More information

KEY FEATURES OF THE RETIREMENT ACCOUNT

KEY FEATURES OF THE RETIREMENT ACCOUNT Key Features of the Royal London Retirement Account KEY FEATURES OF THE RETIREMENT ACCOUNT IMPORTANT INFORMATION YOU SHOULD READ 1 HOW TO CONTACT US If you have any queries relating to your Retirement

More information

Financials. Articles and agreements. Professional advisers

Financials. Articles and agreements. Professional advisers Financials Financials for the last 3 years Year Year Year Turnover Gross profit Net profit before tax Profit after tax Dividend No. of employees Value of the business Who calculated value? Year end date

More information

Self Assurance. Your simple guide to protection

Self Assurance. Your simple guide to protection Self Assurance Your simple guide to protection Your simple guide to protection Peace of mind for you and your family None of us really knows what the future has in store, but like millions of other people

More information

MAKING RETIREMENT CHOICES CLEAR. A consultation on simplifying language on retirement options. April 2016

MAKING RETIREMENT CHOICES CLEAR. A consultation on simplifying language on retirement options. April 2016 MAKING RETIREMENT CHOICES CLEAR A consultation on simplifying language on retirement options April 2016 @BritishInsurers Objective of this consultation and draft Guide This consultation seeks stakeholders

More information

Immediate Vesting Personal Pension Plan Key features

Immediate Vesting Personal Pension Plan Key features Immediate Vesting Personal Pension Plan Key features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

Your With-Profits Plan a guide to how we manage the Fund Prudential Conventional With-Profits Plans

Your With-Profits Plan a guide to how we manage the Fund Prudential Conventional With-Profits Plans Your With-Profits Plan a guide to how we manage the Fund Prudential Conventional With-Profits Plans Your With-Profits Plan is a medium to long-term investment that: > combines your money with money from

More information

GROUP PROTECTION HELPING YOU UNDERSTAND EXCEPTED GROUP LIFE POLICIES (EGLP).

GROUP PROTECTION HELPING YOU UNDERSTAND EXCEPTED GROUP LIFE POLICIES (EGLP). GROUP PROTECTION HELPING YOU UNDERSTAND EXCEPTED GROUP LIFE POLICIES (EGLP). 2 CONTENTS. Introduction 3 The different types of group life assurance 4 What is an EGLP? 4 What must I remember when I set

More information

Clerical Medical s Individual Stakeholder Plan is a personal pension a tax-efficient investment designed to help you save for your retirement.

Clerical Medical s Individual Stakeholder Plan is a personal pension a tax-efficient investment designed to help you save for your retirement. 1of6 FutureProof INDIVIDUAL STAKEHOLDER PLAN Product information Clerical Medical s Individual Stakeholder Plan is a personal pension a tax-efficient investment designed to help you save for your retirement.

More information

SIPP Key Facts. This is an important document which you should keep.

SIPP Key Facts. This is an important document which you should keep. SIPP Key Facts! This is an important document which you should keep. 2 Key Facts of the Alliance Trust Savings SIPP The Financial Conduct Authority is the independent financial services regulator. It requires

More information

INVESTMENT MIX AND INVESTMENT RETURNS FOR WITH PROFITS POLICIES

INVESTMENT MIX AND INVESTMENT RETURNS FOR WITH PROFITS POLICIES INVESTMENT MIX AND INVESTMENT RETURNS FOR WITH PROFITS POLICIES This leaflet shows the 2011-2015 investment mix and investment returns for with profits policies in the following sub-funds of the Royal

More information

Your With-Profits Plan a guide to how we manage the Fund Prudential Unitised With-Profits Plans and Cash Accumulation Plans

Your With-Profits Plan a guide to how we manage the Fund Prudential Unitised With-Profits Plans and Cash Accumulation Plans Your With-Profits Plan a guide to how we manage the Fund Prudential Unitised With-Profits Plans and Cash Accumulation Plans Your With-Profits Plan is a medium to long-term investment that: > combines your

More information

A Guide to your. Income Choice Annuity. Income Choice Annuity

A Guide to your. Income Choice Annuity. Income Choice Annuity A Guide to your Income Choice Annuity Income Choice Annuity Welcome 02 Income Choice Annuity Contents 04 An overview of the Income Choice Annuity 05 Things to consider at the beginning of your plan 06

More information

Group Flexible Retirement Plan

Group Flexible Retirement Plan Group Flexible Retirement Plan Key features illustration 4 Group Flexible Retirement Plan 1/20 We will send you a statement each so you can keep track of your benefits. Financial Conduct Authority is a

More information

Important information. Key Features of the Guaranteed Pension Annuity

Important information. Key Features of the Guaranteed Pension Annuity Important information Key Features of the Guaranteed Pension Annuity Important information The Financial Conduct Authority is a financial services regulator. Prudential is required to give you the important

More information

The Investment Bond s key features Important info you need to read

The Investment Bond s key features Important info you need to read The Investment Bond s key features Important info you need to read Before applying for the Investment Bond, please read the Key Features, which you ll find on the next few pages. The Key Features explain

More information

KEY FEATURES OF THE PHASED ANNUITY PLAN

KEY FEATURES OF THE PHASED ANNUITY PLAN KEY FEATURES OF THE PHASED ANNUITY PLAN The Financial Services Authority is the independent financial services regulator. It requires us, Friends Life Company Ltd, to give you this important information

More information

Your guide to retirement savings and fund choices

Your guide to retirement savings and fund choices Your guide to retirement savings and fund choices The Global Connections Group Personal Pension Plan for employees automatically enrolled into the plan Contents What is The Global Connections Group Personal

More information

Group Flexible Retirement Plan Key features

Group Flexible Retirement Plan Key features Group Flexible Retirement Plan Key features This is an important document. Please read it and keep it for future reference. Key features document: Pages 1 21 Terms and conditions for joining: Pages 22

More information

Self Invested Personal Pension and Group Self Invested Personal Pension

Self Invested Personal Pension and Group Self Invested Personal Pension Self Invested Personal Pension and Group Self Invested Personal Pension Instruction for payment of death benefits Who this form is for You should complete this form to let Standard Life know how you would

More information

PLANNING THE RETIREMENT YOU WANT

PLANNING THE RETIREMENT YOU WANT PLANNING THE RETIREMENT YOU WANT Charlotte Supply Chain Graduate HEINEKEN UK Flexible Retirement Plan Contents A reminder of... How the Flexible Retirement Plan works 4 The benefits 6 Consider what you

More information

Group Flexible Retirement Plan Terms and conditions

Group Flexible Retirement Plan Terms and conditions Group Flexible Retirement Plan Terms and conditions Please read and keep for future reference. Contents 03 1. Your terms 03 2. Structure of your plan 03 3. Eligibility 04 4. Payments 06 5. Investments

More information

This guide is for you, if you have a traditional with-profits pension policy with either

This guide is for you, if you have a traditional with-profits pension policy with either This guide is for you, if you have a traditional with-profits pension policy with either Guardian Assurance Ltd or Countrywide Assured 1 of 15 CONTENTS 1 What is this guide for? 2 Background to Guardian

More information

Your guide to the Universities Superannuation Scheme

Your guide to the Universities Superannuation Scheme Your guide to the Universities Superannuation Scheme February 2016 02 Contents The document contains the following sections: Contents 02 About this guide 03 Your USS at a glance 04 Joining the scheme 05

More information

Your guide to taxation when returning to the UK

Your guide to taxation when returning to the UK Returning to the UK Your guide to taxation when returning to the UK Like many British expatriates, you may choose to return to the UK to live for a period or even permanently. It is important that your

More information

Your With-Profits Plan a guide to how we manage the Fund Prudential With-Profits Pension Annuity Plans

Your With-Profits Plan a guide to how we manage the Fund Prudential With-Profits Pension Annuity Plans Your With-Profits Plan a guide to how we manage the Fund Prudential With-Profits Pension Annuity Plans Your With-Profits Plan is a medium to long-term investment that: > combines your money with money

More information