Just Retirement's Pension Annuity product is an enhanced annuity which provides a guaranteed retirement income for members of registered pension schemes in return for their pension fund. We have a flexible product that provides a wide range of product features and benefits for your client, together with the ability to accept funds into our Pension Annuity from a range of sources.
Key facts about our Pension Annuity:Below is a summary of the key facts about our product, more comprehensive details can be found in our product guide.
- Minimum fund size of just £5,000, right up to a maximum of £500,000.
- To date, we have underwritten on over 1,500 medical and lifestyle conditions.
- Dependant's pension up to 100% of member's pension.
- Choice of escalation rates up to 8.5% LPI and RPI.
- Guarantee periods up to 10 years.
- Choice of payment frequencies - monthly, quarterly, half-yearly or yearly in advance or in arrears.
- Value protection - an option that returns a lump sum to the annuitant's beneficiaries in the event of the annuitant’s death, available from 0% to 100% of premium (less gross income payments made and tax).
In addition, we offer a range of flexible commission options which allow you to charge appropriately for the advice you give.
Useful Links Need help understanding annuities? Try our 'Annuity Basics' section
Our Pension Annuity consumer guide
Pension Annuity Factsheet