The Flexible Lifetime Annuity is an annuity, but an annuity with a difference. Whilst retaining the unique guarantee of an 'income for life' which is associated with traditional annuities, the FLA gives you flexibility and control over your income. With FLA you have:

The advantages of the Flexible Lifetime Annuity

• Income flexibility and control over investments until age 90
• Choice of death benefits
• Additional of lifetime bonuses

Income Flexibility

FLA allows you change the level of your income, within prescribed limits, when the need arises.

Also your income can remain constant, even if the value of your investments are going up and down.

This overcomes one of the biggest problems with unit linked annuities where income can fluctuate from month to month.

Investment Control

FLA can be invested in a wide range of managed pension funds.

There are three preselected investment strategies, which provide the investment mix appropriate to the chosen level of risk

The ability to invest in equities but receive a stable income, is an important advantage

Choice of Death Benefits

With the FLA you have a certain amount of control over the death options. Compare this to the death benefits under a standard annuity where you have no control at all. There are two ways in which you can tailor the death benefits under a FLA.

Joint Life Option

• Some of your income can continue to be paid to your spouse after your death.

Ringfenced Fund

• A number of special units to be "ringfenced" from your annuity, and these will available to pay an income to your spouse