New Open Annuity

London & Colonial’s original Open Annuity offered flexibility that had never been seen before. Now, by maximising the benefits created by the latest legislation, the New Open Annuity is taking those opportunities a stage further - changing the emphasis from preserving capital to maximising income.

Benefits to clients

• They can extract at least 35% (show me the comparison) more income than from an ASP
• They can remain fully self-invested while decumulating funds
• Option to convert to a conventional/enhanced annuity at anytime
• Add or change the nominated second life at any time
• Residual fund on death can be donated to the client's nominated charity
• There is a 10 year guarantee period without reducing the annuity income

Please note: Members of the public who want to enter into a New Open Annuity must do so through an IFA as London & Colonial does not give financial advice.

If you have any questions please contact us, or go to our New Open Annuity literature library for more information.

To find out more about how you or your high net worth clients could benefit from our range of individually tailored products, call us on 0870 7566696.