i2Live retirement solutions
Giving you more choice and control
Traditionally, you build up a pension pot during your working life. When you retire, you use it to buy a conventional annuity from an insurance company, providing you with a fixed income for life.
The problem is, the income you receive from the annuity provider depends on the annuity rate on the day you buy it. Once it’s purchased, that’s it – your pension income is normally fixed for the rest of your life. The income figure does not take into account increases in inflation or changes in your circumstances. In return for a fixed income, you give up control of the pension fund you’ve spent years building.
While this may suit some, for many people it lacks flexibility. If your income needs are likely to change during retirement, shouldn’t your pension be flexible enough to fit around these changing needs?
i2Live retirement solutions are designed to give you real flexibility and choice at each stage of retirement planning. You decide which of our funds your pension pot is invested in. When you come to take a pension income, you decide the amount you can take, within certain limits. And you can do this for the rest of your life.
Please note that all i2Live retirement solutions are invested in unit-linked funds, which means their value can go down as well as up and is not guaranteed. However, to ensure that your income does not fall below a guaranteed minimum amount, you can select the Income Guarantee Option available with i2Live Drawdown and i2Live Annuity.
We only accept applications for our i2Live retirement solutions through financial advisers. Please consult your financial adviser about i2Live and whether it would be appropriate for you. If you need to find an independent financial adviser in your area visit our planning your finances page.
i2Live retirement solutions comprise of three retirement planning products:
