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The links below are a repeat of the links available in the menu system above and are for the benefit of visually disabled people using speech reader computer equipment.
about the pension annuity
service
additional benefits
alternative flexible annuities
annuity income frequency
annuity alternatives explained
annuity - economic
conditions
annuity factors explained
annuity guide book
annuity quotes
annuity rate
annuity
terms offered by provider
annuity - the effect of timing issues
annuity types explained
are you retiring soon?
contacting PAAS
conventional annuities
costs of using retirement advice service
escalating
annuities
five year rolling annuities
flexible annuities
getting started
getting the most out
impaired life annuities
income
drawdown
index - home page
inflation - the
effects on your annuity
investment linked annuities
lifestyle enhanced annuities
open market option
our advice service
our credentials
partners pension
payment guarantee period
pension annuity questions
pension options
pension simplification
pensions
act 2004
phased retirement
protected rights
purchased life annuities
retiree age and gender
retiree health
retirement annuity terminology
self invested annuities
staying working whilst
drawing pension
tax free cash
testimonials
unit linked annuities
with or without proportion
with-profits annuities
your pension explained
Link to parent company website, Richmond
Independent
Flexible annuities, as the name indicates, allows flexibility
in the levels of income taken by you. They contain an investment element,
which adds to the complexity of this type of annuity.
There are two variations as follows:
(1) Short term annuity (Rolling 5 year annuity)
This is a retirement option for those with larger pension funds. With this
option, after drawing tax free cash, the bulk of the pension fund remains
invested, but a portion of the fund is used to buy a temporary annuity which
lasts 5 years. The plan is reviewed every 5 years. Please note that with this
option there are investment risks involved and the plan needs constant monitoring
to achieve success.
(2) Flexible annuities
This option is only available with larger pension funds (£100k plus)
and allows the retiree to take varying amounts of income (between limits).
Another feature of this option is that the retiree can exercise some investment
control on the fund, either through a choice of risk graded strategies or
a selection of unit linked funds up to age 90 at which point you have to convert
your investments to conventional annuity.
Early death cross subsidy is distributed using bonuses to age 90. This option
carries an investment risk but also provides the potential to protect your
income from inflation.
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