Retirement

• This 'plan for life' aims to accommodate all your clients' pension needs from saving for their retirement to providing a flexible, taxable income when they retire.
• Protected Rights can also be invested in the Retirement Account so everything is all in one place, making management much easier.
• The Retirement Account will allow you to consolidate your clients' existing pension plans into one place.

• The Retirement Account includes a feature called the Control Account.

Each policy part has its own Control Account.

All money paid into, and out of, a Retirement Account will be passed via the Control Account(s), and accounted for accordingly, similar to the way a bank account works.

The Control Account(s) can be accessed online, offering even greater accessibility and transparency.

• Yearly statements for you and your clients will keep you informed.

• We've unbundled the traditional annual management charge, so charges are clear and simple to understand. There are three separate charges for service, investment and advice.
• Online access for both you and your clients (read-only access) ensures that everyone can stay up to date.

• The adviser payment options are flexible and will allow you to choose a payment method to suit your business and your clients' circumstances.
• The rate of Service Charge can reduce as the total value of the fund grows.

• There's a wide range of internally and externally managed Scottish Widows Pension Funds.
• A Fund Supermarket provides your clients with access to an extensive range of external collective investment schemes.
• Your clients can choose from a selected panel of Discretionary Fund Managers who will construct an investment portfolio to suit your client's risk profile and investment needs.
• Your clients can choose to invest Non-Protected Rights monies directly in Commercial Property.
• The Retirement Account also offers access to a Share Dealing facility allowing direct investment in listed stocks and shares.
• For those clients who are risk-averse or who wish to avoid short term market volatility, Fixed Term Cash Deposits offering clients a competitive rate of interest at the end of the investment term.

• The Retirement Account has a strong online focus but you can also do business over the telephone or by post.
• Our state of the art technology platform offers extensive functionality.
• You and your clients will deal with a single dedicated team for servicing throughout the lifetime of the policy.
• Online tools are also available to help with calculations, helping you to provide sound advice to your clients, whilst also assisting you with your compliance records. The suite of tools includes calculators for:

• Retirement Income Shortfall
• Salary and Bonus Sacrifice
• Tax-Free Cash
• Lifetime Allowance