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Income Release is more than just a new title for our Income Drawdown facility. It represents a genuine step forward in retirement planning, and enables both you and your clients to gain much more from their Scottish Life pensions.

With Income Release, Scottish Life presents you with a fantastic window of opportunity to provide ongoing advice to your clients as their financial needs change from age 50 onwards.

Whether your clients are accumulating or decumulating funds from within their pension, you, the adviser, stand to play a key role. And with commission payable at outset and on future designations you can be fairly rewarded for your advice too.

The opportunity

The income drawdown market is now worth a staggering £2.7 billion a year (Source: Association of British Insurers, November 2007), and the ‘baby boomer’ generation is only now just starting to retire. Since A-Day, many people now have the freedom to draw tax-free lump sums from their pensions without a corresponding income from the age of 50.

It seems very reasonable to assume that the drawdown market will represent the most significant area of growth in the pensions arena for the next 5 to 10 years; one that none of us can afford to miss out on.

6 good reasons to choose Income Release

Accessible

For starters, clients can enjoy the significant benefits of Income Release from Scottish Life once they have a minimum of £20,000 in their Pension Portfolio (excluding any self-invested assets) and are aged 50 or above (55 from 6 April 2010).

What's more, those clients that want to top up their Pension Portfolio can do so by paying in as little as £50 per month (or £600 per year). A figure far lower than some other pension providers we could mention (source: Aequos, 17 April 2008).

Affordable

We offer a real value for money product allowing clients to access their own pension benefits free of charge (for those with a minimum fund value of £40,000).Your clients will benefit from an Annual Management Charge of just 0.7% a year – reduced to an even lower 0.45% for funds in excess of £21,600 – making our service one of the most competitive on the market.

Flexible

Income Release allows your clients to access their pension at a time and in a manner that suits them. Within limits, clients can decide precisely how much to draw – either as income or a lump sum; and should they wish to, they can continue to make contributions after they’ve started taking benefits. In short, they’ll remain in full control. And of course, they’ll do so without having to retire.

Better still, unlike many competitors we offer a full range of self investment options as well as an alternatively secured pension.

Control

With Income Release, you are able to designate individual transfers as they come in, ensuring that each lump sum is paid out as quickly as possible.

Reward

Whether your clients are accumulating or decumulating funds from within their pension, you, the adviser, stand to play a key role. And with commission payable at outset and on future designations, you can be fairly rewarded for your advice too. We offer you up to 7.5% Financial Adviser’s Fee (FAF) on transfers.

Visible

Our online services allow you 24-hour viewing access to your clients’ plan details and current performance figures, so you’ll have everything you need to know at your fingertips at all times.

Find out more and enter our draw

Here’s your chance to win the ultimate culinary experience for two at one of UK’s most exclusive restaurants.

To enter our prize draw and find out more about Income Release, please visit www.scottishlife.co.uk/sixreasons.

Alternatively, please contact your usual Scottish Life representative.