HOW TO APPLY
Retirement Account
OUR ‘QUOTE AND APPLY’ IS EASY AND STRAIGHTFORWARD
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You can run an illustration for the following retirement planning and retirement income options:
- Retirement Planning (includes our one step quick quote option)
- Retirement Planning with Immediate Vesting (includes our Drip Feed Drawdown option)
- Retirement Income.
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- Online applications are accepted without a signature where the client is paying all premiums and/or any transfers can be completed through Origo Transfers.
- The answers you input into the online quote and apply system, along with the Declaration and Important Notes, will be issued to your client(s) in the form of an Application Summary.
- A wet signature is required where a third party is contributing to the plan, or where transfers are coming from non Origo schemes and a transfer discharge signed by the client is required.
For applications that can’t be made online, you can download a pre-populated paper application when you produce an illustration.
In specie applications should be made using the following paper application form (PDF):
Before making an application you should ensure that your client has been provided with:
- illustration
- application form
- nomination form (PDF)
- a copy of our Retirement Account Key Features (PDF)
- discharge papers if applicable
- Important Notes for Applications (PDF)
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Applications for Retirement Income cannot be made online but you can download a pre-populated paper application when you produce an illustration.
Before making an application you should ensure that your client has been provided with:
- illustration
- application form
- Pension commencement lump sum amount
- Lifetime Allowance form (if crystallising benefits)(PDF)
- details of the remuneration you have agreed
- Nomination form (PDF)
- a copy of our Retirement Account for Retirement Income Key Features (PDF)
- Capped to Flexible Drawdown form (if applicable)(PDF)
- Important Notes for Applications (PDF)
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You may also need the following when making an application:
- signed lifetime allowance form
- completed discharge forms
- bank details for payment of tax-free cash sum and income payments
- income withdrawals details (if income being taken)
- Completed Confirmation of Verification of Identity (PDF)
- bank details. If you are supplying bank or building society account details online on behalf of your client, your client must be the account holder and must also be the only person required to authorise debits from the account.
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It’s quick and simple to submit increment requests.
- Signature-free process.
- Increase existing regular contributions, start new regular contributions and make single payments.
- Recall increment illustrations and quickly progress into applications, saving you time.
- Transfer policies from other providers.
- Use our ‘Quick Top Up’ option to add an increment quickly.
Read our FAQ document (PDF) for more detail.
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- If your client changes their mind and wishes to cancel their policy (within the 30 day cancellation period), the amount returned may be less than was invested.
- If your client transfers from another pension plan, they could lose any guaranteed benefits and may not be able to return to it.