The Retirement Account can be suitable for clients looking for retirement planning and/or retirement income.
Retirement planning
- A tax-efficient way to save for retirement
- A wider investment choice than a simple personal pension
- Low cost and the ability to move to a wider range of options
- Post-retirement functionality
- A choice of Governed Investment Strategies
- Ability to move to a Fixed Term Cash Deposit Account
- Ability to choose a self-investment option, now or in the future
- Lump sum contribution or monthly regular payments
Features & benefits
Retirement income
- Ability to move assets from retirement planning to retirement income
- Designate funds to provide tax-free cash
- Option to take flexible taxable income if required
- Transfer and consolidate plans to potentially gain cost and growth benefits
- Retirement income can allow your client to delay the purchase of an annuity
Features & benefits
Retirement planning and retirement income in one policy
- Take tax-free cash, flexible taxable income and continue to fund pre-retirement in a tax-efficient way
- Designate from pre-retirement to post-retirement without any out of market risk
- Access to a wide investment range, including discretionary fund management, share dealing and commercial property
- Suitable for clients who don’t need an immediate income, but may choose to take their tax-free cash entitlement, then draw nil income
Not for your client?
Take a look at our other retirement planning options: Personal Pension Plan, Stakeholder Pension or Conventional Annuities.
The Retirement Account offers more choice, flexibility and transparency for you and your clients.
- Retirement planning and retirement income in one policy
- Ability to draw an income post-retirement while still adding to pension fund
- One platform – consolidated valuation in real time
- Total transparency. Clear adviser payment charges and commission options, including ad hoc fees
- No link between investment decisions and adviser remuneration
- Move from planning to income without having to de-invest assets
- Wide choice of investment options, from Scottish Widows insured funds and Governed Investment Strategies to discretionary fund management
- Large fund discount on all assets
- Flexible remuneration suits most business models
- Control Account is currently linked to the Bank of England base rate
- RDR is at the heart of the Retirement Account
Features & benefits
There's a wide choice of investment options, including
Online services
Complete a range of tasks quickly and easily using eServices, from setting up new business to servicing your existing clients
Literature
Download sales aids, application forms, key features, adviser and client guides from our Retirement Account literature.
Tools and calculators
Our online tools and calculators can help you make clear recommendations, including reports, to support your recommendations and an audit trail for compliance purposes
