Meeting Customers' needs in Retirement
When it comes to retirement income, there’ll always be different customer needs.
For many customers the security of income during retirement can be the most important consideration. An annuity can therefore be an attractive solution, providing a guaranteed income for life. This guaranteed income provides peace of mind, but can’t be altered to adapt to any changing circumstances.
For others flexibility will be key, allowing for changing or unexpected income needs. Flexi-access drawdown enables customers to access their pension savings as and when needed, and funds can remain invested providing the possibility of further growth. An appealing option, although one that should be managed carefully to ensure customers do not run out of income during retirement.
Whatever your customers' circumstances, Scottish Widows is well placed to fulfil their retirement income needs. We can provide the income flexibility of drawdown, the guaranteed income of an annuity, or a combination of both – we're one of only a few providers that can offer the full range of retirement income options.
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