How we compare
Our Protected Retirement Plan has been designed to offer your clients a choice of some of the best features of both annuities and pension drawdown, without the investment risks or lifetime income commitments.
The tables below shows how our Protected Retirement Plan compares against a lifetime annuity and pension drawdown.
Annuity features comparison
Annuity features | Protected Retirement Plan | Lifetime annuity | Drawdown pension |
|---|---|---|---|
Benefits known in advance |  | |  |
Benefits guaranteed | | | |
No investment risk | | | |
No fund management charges | | | |
Drawdown pension features comparison
Drawdown Pension Features | Protected Retirement Plan | Lifetime annuity | Drawdown Pension |
|---|---|---|---|
Keeps future options open | | | |
Retains control of funds | | | |
Future income risk | | | |
Related literature
For customers
For trustees