gauranteed annuity

alawalaw

After reading about Royal London offering its Scotish Life guaranteed annuity policy holders, a payment to give up the guarantee, I telephoned them to ask if my C I S now Royal London guaranteed policy would be included in the near future, the girl I spoke to had no idea what I was enquiring about. I'm 67 and continue to put in £44 per month the last figure it got was it was £105.000 which I'm delighted with, before reading about the Royal London intension I was thinking about taking the lump sum and leaving the remainder in there retirement account, Does anyone know if the offer to Scottish life customers will come to the C I S policy holders

Robert_McGeddon

In the absence of inside information it sounds like you should write to Royal London to get a formal response. You might also want to ask what would happen to the GAR on the residue if you took the lump sum.

FWIW I was a Royal London / Scottish Life policyholder and benefited from their recent scheme. I gauge it to have been a success for them. However, the process is not completely finalised yet. I would not be surprised to learn that RL will wait to assess how the SL scheme panned out before offering it elsewhere.

alawalaw

Thanks for the reply. I'm due the reminder telling me my retirement date is approaching, usually end of this month, when they send the details I will get into a correspondence with them. cheers