Life Expectancy Pension

This is an alternative to a lifetime pension, and also allows you to access the pension RBL. The main conditions are as follows:

• The pension payments must be made for a period of 15 years or, if less, your life expectancy as determined at the date the pension commences.

• The pension payment must increase each year by at least by 5% pa or, if greater, the rate of increase of CPI + 1% for the previous year.