Retirement products

Whether it’s looking for an income or ways to save, we’ve got products for all your retirement options.

What would you like to do?

Save for my future

Save for my future

Explore our pensions

Product Type Good For Features & Benefits Find out more
Flexible pensions
  • Making the most of greater freedom and flexibility with retirement savings
  • Supports you to and through retirement
  • Save while receiving favourable tax treatment
  • Have control over the way, and when, you access your benefits
  • Manage a gradual transition into retirement
Retirement Account
Workplace Savings
  • Joining a workplace pension could help give you more financial freedom at retirement
  • Tax-efficient retirement saving
  • When you start paying, your employer pays in too
  • If you change jobs, take your pension pot with you
  • You normally get tax relief at your highest rate on your contributions
Workplace Savings

What you should consider before retirement:

Take a look at ways to boost the savings you have for retirement and how you can make saving easier.

Get a regular income

Get a regular income

Explore our income options

Product Type Good For Features & Benefits Find out more
Flexible pension*
  • Flexible product suitable for saving towards, and taking income in, retirement
  • Save and take an income when and how you want to
  • Take up to 25% of the value you have saved as a tax-free lump sum
  • Take income directly from your remaining pension pot
  • Choose when and how often you want income paid
  • Take ad-hoc income payments when you need them
  • If you die before you've taken all your pension pot, its value will usually be paid as a lump sum to your beneficiaries.
Retirement Account
  • Getting a guaranteed retirement income for the rest of your life
  • Knowing how much you’ll get and when
  • Choose how often you want to receive an income
  • Arrange to have an income paid to your dependant after you die
  • Income largely determined by your age, the size of your fund, where you live and interest rates at time of purchase
Standard Annuity
Enhanced Annuity
  • Getting a guaranteed retirement income for the rest of your life
  • Could give you a higher income than a standard annuity
  • Knowing how much you get and when
  • Offers a level of guaranteed income which also takes into account your health and lifestyle
  • You may get a higher level of income if you have a qualifying medical condition or lifestyle that could reduce your life expectancy
  • Even if you think you are healthy, you could receive a higher income than from a standard annuity
Enhanced Annuity
  • Tax depends on individual circumstances that can change. Tax rules can also change.
  • Pensions are a long-term investment. The retirement benefits you receive from your pension plan will depend on a number of factors including the value of your plan when you decide to take your benefits which isn't guaranteed, and can go down as well as up. The value of your plan could fall below the amount(s) paid in.

* Some existing customers have the option to move into flexi-access drawdown through their current pension plan.


What you should consider before retirement:

Are your finances ready for retirement? These are just some of the things you should be thinking about.

Retirement options

Find out more about the choices you have when it comes to taking your pensions and retirement income.

Find out more

Not sure where to start?

If you don’t know what to do about retirement or pensions, let us help. We’ll explain the basics and give you all the information you need to get started.

Retirement explained

Find a financial adviser

An independent financial adviser (IFA) can recommend products for your personal situation. Here’s how to help find one near you.

Find an IFA