Purchased Life Annuity

Our Purchased Life Annuity offers you a guaranteed, regular income for life in exchange for a lump sum. Rather than using the funds from your pension fund, however, this product is purchased with funds that come from a private source, such as ISA proceeds, your Pension Commencement Lump Sum (tax-free cash) or other non-pension related savings.

How it works

How our Purchased Life Annuity works