We’ve made our Pension Portfolio plans more flexible

27 July 2016
To allow customers greater flexibility when planning for their retirement, we’ve made our Pension Portfolio plans more flexible.
Find out more

Contact our National Support Unit on 0345 60 40 800

Contact our Servicing team on 0345 60 50 050

See our Pension Portfolio support material.

Since pension freedoms, people are looking for much more choice than ever before when accessing their retirement savings. So we’ve removed some of the restrictions from our Pension Portfolio product to give customers even more flexibility.

What are the changes?

Going forward, you’ll be able to use our award-winning Pension Portfolio offering to produce new and existing business illustrations up to age 99. And for those clients aged 75 or over, you’ll also be able to submit new business applications.

Your clients will also now be able to:

  • Switch on our award-winning income drawdown offering, Income Release, within the same plan after age 75;
  • Delay taking their tax-free cash until after age 75;
  • Add transfer payments to their plan beyond age 75; and
  • Change their chosen retirement age to anything up to age 99.

Illustration requests

You can request new business and existing plan illustrations in the usual way by contacting our National Support Unit or producing your own illustrations on our online service.

You can also request existing business illustrations by contacting our dedicated servicing team.

Engaging with our customers

We’ve updated our support material to take account of these changes. You can download our support material by visiting the Product literature area of our website.   

If you have any questions or would like to find out more about our Pension Portfolio product, speak to your usual Royal London contact.

About the author

Gemma Elliot

Senior Marketing Consultant

Last updated: 28 Jul 2016

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.