Pension Payment
Pension or Annuity Payments As an employer you could be faced securing an income stream for an employee or beneficiary either for life, a pre-determined period or on a specified event, i.e. retirement or death.
The following products fulfil these requirements:
Annuity Plan - designed so that income payments can be secured for life, a given period, on reaching retirement, on leaving service or on death.
Living Annuity Plan - where the employer wishes to retain investment and longevity risk but requires professional assistance in managing these risks.