Conventional Annuities
Scottish Widows offers Conventional Annuities.
Our Conventional Annuity has two options; guaranteed and index-linked.
With guaranteed annuities, the payments are decided at the outset with your client choosing to receive a fixed income so they receive the same amount year after year or payments which increase at a fixed rate each year (up to 8.5%).
With index-linked annuities your client can choose to have the payments adjusted each year to reflect the changes in the Retail Price Index (RPI). Index-linked annuity payments tend to start at a lower amount than those of guaranteed annuities and if RPI falls so too may the annuity payment depending on the annuity rate chosen.
For more information on our Conventional Annuity offering, please visit the literature library.
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