IFA Hub Extranet
Welcome to the Pension Zone, which has specialist technical help on all aspects of group and individual pension products, employee benefits and changes to pension legislation. You can browse product information from our sponsors or use the case studies and training literature to help you provide an excellent level of service to your clients. Feel free to browse each sponsor's section and to add your comments to the forum. All information and features are written by the providers themselves, so please note that any technical queries should be addressed to the provider, rather than to Panacea.
How it works
How it works
With the MetLife Freedom Income Plan, clients don't have to give up control of their retirement. With investment terms from as little as three years, the Freedom Income Plan allows clients to test drive their retirement. And, at the end of their chosen term, you will be able to reassess your clients' situation and help them to select a retirement solution which best suits their changing needs.
For clients not ready to make a lifetime annuity commitment, or for those not wanting the volatility and uncertainty that can come from a drawdown pension, the Freedom Income Plan could be the ideal solution.
• A term to suit their needs
Clients can choose the term to suit their needs.
Terms run from as little as three years up to 25 years.
• A known fixed income
Throughout their chosen term, clients can choose to receive a regular income, much like a regular pay cheque.
Income can be fixed or increase annually, up to 8.5% p.a.
• A Guaranteed Maturity Amount
Clients receive a Guaranteed Maturity Amount at the end of their selected term. This figure is guaranteed and free from investment risk.
• A chance to review
At the end of your client's selected term, you will be able to reassess their needs and help them select a retirement solution that best suits their changing needs and circumstances.
Income and Guaranteed Maturity Amount are linked, so the higher the income the lower the Guaranteed Maturity Amount and vice versa.
Both income and Guaranteed Maturity Amount are fixed and known at outset, meaning clients will know at outset the income they will receive throughout their term and what they will receive at the end of their term. Annuity rates available at the end of your clients term may be higher or lower than they are now, which may impact the income they receive.
Derek Bradley, CEO
Sarah Paul, Marketing Director
James Bradley, Head of e-Relationships