Introducing the new Guaranteed Fixed Term Income Plan

18 Aug 2025

Flexibility. Stability. Freedom.

Retirement is no longer a one-size-fits-all journey – and now, your clients can shape theirs with more control than ever before.

We’re excited to announce the launch of our new Guaranteed Fixed Term Income Plan, designed to offer your clients the perfect balance of financial security and personal flexibility.

Why this plan matters 

As your clients approach retirement, many might be looking for ways to reduce working hours while still maintaining a steady income – especially as they await their state pension. Others may want the reassurance of a guaranteed income without the risks and fees associated with pension drawdown.

This plan delivers just that.

Key features at a glance

  • Guaranteed income for a fixed term of 3 to 25 years
  • Optional maturity value at the end of the term
  • Flexible payment options in advance or in arrears
  • No investment risk or annual charges
  • Minimum investment £10,000
  • Eligibility for UK taxpayers aged 55-90 (at the end of the term) on a single life basis

A smarter way to fund retirement

Unlike traditional drawdown products, this plan offers a low-risk alternative. Clients can invest a lump sum in exchange for:

  • A regular guaranteed income over a fixed term
  • A regular guaranteed income with a maturity value at the end of the term
  • An agreed maturity value at the end of the term

And if their circumstances change? They can reassess their needs at the end of the term – giving them the freedom to adapt their retirement strategy as life evolves.

Ready to offer more?

The Guaranteed Fixed Term Income Plan launches on 18 August 2025. Make sure you’re ready to trade by setting up your Online Account Number today.

Visit our Retirement Hub for more details.