Safeguarded benefits

This is a flow chart that help you decide if advice is required.

An individual requests benefit options or transfer form from the scheme administrator. Is the benefits value more than £30,000, if it isn't then the individual returns the completed benefits option or transfer form to the scheme administrator. The scheme administrator processes the chosen benefits option or transfer.

An individual requests benefit options or transfer form from scheme administrator. Is the benefits value more than £30,000, if it is the individual needs financial advice before they can give up safeguarded benefits. The individual takes and receives financial advice from an adviser.

The individual returns the completed benefits option or transfer form to the scheme administrator. The scheme administrator will check that appropriate advice has been given. If it hasn't then the individual will need to get more financial advice. If they have then the scheme administrator processes the chosen benefits option or transfer.

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. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.