Retirement options mailing

2TLT1332

This notice sets out an additional retirement option (Full UFPLS) and changes to the rules for death benefits.

Clients may be able to:

• take the full amount as a lump sum, where a quarter of the funds available are paid tax-free and the remaining amount is taxed as income at the appropriate rate.
• have benefits paid to a beneficiary after their death rather than it being restricted to being paid only to a dependant.

2TLT1333

This notice sets out additional retirement options (All & Partial UFPLS) and changes to the rules for death benefits.

Clients may be able to:

• take as much of their plan as a lump sum as they want (subject to the minimum values set). A quarter of the funds that they take would be paid tax-free and the remaining amount would be taxed as income at the appropriate rate.
• have benefits paid to a beneficiary after their death rather than it being restricted to being paid only to a dependant.

2TLT1334

This notice sets out the changes we’ve made to clients’ income drawdown retirement options under their plan. And, it may also now be possible for benefits to be paid to a beneficiary after the death of the client rather than being restricted to being paid only to a dependant.

2TLT1335

This notice set out that we are amending the terms of clients’ Core Investments by:

• Making changes to their retirement options to allow for the increased flexibility in lump sum payments.
• Replacing the existing Investment terms (other than those that relate to our With Profits fund which remain unchanged) to provide clarity on some of the investment options available through the Core Investments and how these work.
• Allowing benefits to be paid to a beneficiary after the death of the client rather than being restricted to being paid only to a dependant.

2TLT1336

This notice sets out that we are amending the terms of clients’ Core Investments by:

• Making changes to their retirement options to allow for the increased flexibility on:
  1. Lump sum payments
  2. Income Release
• Making a change to the options available to clients if they want to partially transfer their Core Investments when they’ve started to use Income Release.
• Replacing the existing Investment terms (other than those that relate to our With Profits fund which remain unchanged) to provide clarity on some of the investment options available through the Core Investments and how these work. 
• Allowing benefits to be paid to a beneficiary after the death of the client rather than being restricted to being paid only to a dependant.

If a client has recently started their plan with us, their existing Core Investments terms and conditions will already include these updated terms.

2TLT1337

This notices sets out that we’re amending the terms of clients’ plan by:

• Making changes to their retirement options to allow for the increased flexibility of lump sum payments.
• Removing the option to start using the Unsecured Pension facility under the Self Investments part of the plan.
• Replacing the existing Investment terms of the Core Investments (other than those that relate to our With Profits fund which remain unchanged) to provide clarity on some of the investment options available through the Core Investments and how these work.
• Allowing benefits to be paid to a beneficiary after the death of the client rather than being restricted to being paid only to a dependant.

2TLT1338

This notice sets out an additional retirement option that we’ve introduced under the Scheme’s plans with Royal London with effect from 6 April 2015 –Full UFPLS (EPP) - and changes to the rules for death benefits.

Trustees don’t have to offer these additional options to Scheme Members. If they don’t want to offer the additional options under their Scheme, the options available to Scheme Members will continue to be as currently set out in the Rules of the Scheme.

2TLT1339

This notice sets out additional retirement options that we’ve introduced under the Scheme’s plans with Royal London - All & Partial UFPLS (EPP) - and changes to the rules for death benefits.

Trustees don’t have to offer these additional options to Scheme Members. If they don’t want to offer the additional options under their Scheme, the options available to Scheme Members will continue to be as currently set out in the Rules of the Scheme.

2TLT1340

This notice sets out additional retirement options that we’ve introduced under the Scheme’s plans with Royal London - Full UFPLS (Crest) - and changes to the rules for death benefits.

Trustees don’t have to offer these additional options to Scheme Members. If they don’t want to offer the additional options under their Scheme, the options available to Scheme Members will continue to be as currently set out in the Rules of the Scheme.

2TLT1341

This notice sets out additional retirement options that we’ve introduced under the Scheme’s plans with Royal London - All & Partial UFPLS (RS CIMP) - and changes to the rules for death benefits.

Trustees don’t have to offer these additional options to Scheme Members. If they don’t want to offer the additional options under their Scheme, the options available to Scheme Members will continue to be as currently set out in the Rules of the Scheme.