Royal London Income Release Key Features

The contract between you and royal london consists of your application to us these terms and conditions your cover summary which will detail each cover that you us we.

Royal london income release key features. We ll only apply a charge to start using income release if a client s plan has been with royal london intermediary for less than 12 months. Key features of pension portfolio beneficiary income release the financial conduct authority is a financial services regulator. However if your royal london pension plan has been in force for 12 months or more when you switch onor if. If you want a guaranteed income for life you can use the pension savings in the savings account to buy a secure income.

Income release allows you to take regular or one off income payments directly from your plan when you need it. Please keep them in a safe place as you may need them in the future. It requires us royal london to give you this important information to help you decide whether our pension portfolio. We ll only apply a charge to start using income release if your plan has been with royal london intermediary for less than 12 months.

Income can be paid on a phased basis. You ll need to complete this application form to apply for your plan. This is often called an annuity. It requires us royal london to give you this important information to help you decide whether our pension portfolio is right for you.

An initial one off charge of 208 may apply when you first use income release which covers our costs in setting up and administering your income release account. To access income release there s an initial one off charge of 208 which covers our costs in setting up and administering your income release account. Cash and income you simply move some or all of your pension savings into the income release account. Unlike an annuity income payments are not guaranteed for the rest of your life.

Page 1 of 28 65a50 pension portfolio core investments personal pension with income release application form thank you for choosing a pension portfolio plan with royal london. Clients can continue making contributions after taking an income. Key features of core investments the financial conduct authority is a financial services regulator.