Life Annuity

Upon retirement you may be confronted with the challenge of how best to preserve your nest egg. Your ability to sustain your desired lifestyle will depend on the growth of your retirement capital as well as the level of income you choose to draw after retirement.

A Life Annuity is a post-retirement product providing the following benefits :

• Receive a guaranteed pension (which is not affected by declining interest rates) until your death
• The guaranteed term you select will impact on the level of pension you receive
• Your income is guaranteed regardless of what happens on the stock market or capital markets
• Should you die during the guaranteed term, the pension is still payable to your dependents until the end of the guaranteed term
• The income may be level or it may increase by a chosen percentage each year

Linked Living Annuity

When you retire, Linked Living Annuities enable you to transfer the benefits from your retirement fund into a flexible, personalised investment portfolio that matches your risk profile and provides you with a retirement income.

You can construct your portfolio from a wide range of funds together with other underlying investment options, such as shares and fixed interest instruments. This allows you to continue your equity exposure after you retire, whilst maintaining control over the underlying assets and your risk profile.

You determine your income level, and the growth of your capital is based on your selection of underlying investments. You can switch between these underlying funds easily and cost effectively, at any point during your investment term, as your circumstances change.