Flexible Pension Annuity
The London & Colonial Flexible Pension Annuity is a pension annuity purchased on behalf of the policyholder by the trustees of the pension scheme holding the pension assets.
The product allows full flexibility, providing the policyholder with the option to elect how much income to take each year in line with pension freedoms. The policy is purchased by the trustees of the registered pension scheme, therefore there is greater investment flexibility.
An in-specie transfer of existing pension scheme assets is allowed.