Product Profile of the Month
April 2010
Product Provider - London & Colonial
Product Name - New Open Annuity
Single or Regular Premium - Single
Target Audience - £100k +
Jurisdiction - Gibraltar
Website link - www.londoncolonial.com
Product Description*:
Gives the IFA and the client the maximum flexibility afforded within pension legislation
- Higher income levels than USP or ASP
- Ability to vary the income levels each year within prescribed limits
- Retain control of your pension fund within the annuity
- The IFA and the client continue to control the underlying investments
- Investment choice is NOT restricted to a fund list
- Option to change the nominated second life at any time
- Add a 10 year guarantee without reducing the annuity income
- London & Colonial does not keep any residual fund on death
- Any residual fund on death can be donated to the client's nominated charity
- London & Colonial’s charges are not hidden in the annuity rate but disclosed on a transparent fee basis
For further information or to request a quote please contact your Independent Financial Adviser. Alternatively, all product information and contact details are contained on London & Colonial’s website – www.londoncolonial.com
*As provided by Product Provider.
