Jubilación
Renta de ingresos flexibles
Combina una renta mínima garantizada con un componente vinculado a la inversión, de modo que el partícipe conserva cierta exposición a los mercados sin poner en riesgo el suelo garantizado.
Ladies View, Co. Kerry · Marco Ober, CC BY-SA 4.0
Para quién es
Personas con otros activos y tolerancia a la variación
Qué hace
- Renta mínima garantizada de por vida
- Tramo vinculado a la inversión revisado anualmente
- Renta ajustable dentro de una banda establecida
- Prestaciones para dependientes sobre el tramo garantizado
El producto en detalle
A conventional annuity gives certainty and takes away upside. Drawdown gives upside and takes away certainty. The Flexible Income Annuity is built for the members who genuinely need some of each: a guaranteed minimum income that is theirs for life whatever happens, and an investment-linked layer on top of it that can rise and fall.
The guaranteed layer behaves like a lifetime annuity — it is underwritten, it can carry a dependant’s pension, and it does not go down. The variable layer is reviewed annually against the performance of the chosen funds, and the resulting income can move within a corridor set at outset. The corridor is the important part: it bounds how much the income can change in a year, so a bad year is unpleasant rather than destabilising.
The product is only suitable for a member who has other assets. Variation in income is tolerable when the essential bills are covered elsewhere and intolerable when they are not, and that is a question about the member’s wider position rather than about the product.
Documentación
La documentación de producto se facilita a los intermediarios acreditados. Pídala a su suscriptor o solicítela mediante el formulario de consulta.
- Documento de características principalesA petición
- Guía de la gama de fondosA petición
Cómo funciona
Qué ocurre, en orden
Desde la primera consulta hasta el momento en que la cobertura, el contrato o la línea queda en vigor.
The guaranteed floor is set
Underwritten on the member’s age and health, with any dependant’s benefits attached to this layer. It cannot fall.
The variable layer is invested
From the core or extended fund ranges, chosen by the adviser.
A corridor is agreed at outset
The maximum the income may move up or down at a review. It is what stops a single poor year turning into an income shock.
The income is reviewed annually
Against fund performance, and adjusted within the corridor. The guaranteed floor is never part of the adjustment.
Las cifras
Un ejemplo resuelto
Cálculos ilustrativos, para que la forma del producto se vea en lugar de describirse. Nada de lo que aquí figura es una oferta ni una proyección.
A £300,000 purchase, and a bad year
Illustrative figures, chosen to show what the corridor does when performance disappoints.
- Purchase price
- £300,000
- Guaranteed layerFor life, and it cannot fall
- £9,000 a year
- Variable layer at outset
- £4,500 a year
- Total income, year 1
- £13,500
- Corridor agreed at outset
- ±10% a year
- After a poor review year, variable layerThe corridor limits the fall to 10% of total income
- £3,600 a year
- Total income, year 2
- £12,150
- Floor below which income cannot fall
- £9,000
Illustrative only, and not a projection. The guaranteed layer is unaffected by any review; only the variable layer moves, and only within the corridor.
Guaranteed floor and variable layer over four review years
The illustrative contract above, through good years and a poor one.
Ver estas cifras en una tabla
| Guaranteed layer | Variable layer | |
|---|---|---|
| Year 1 | £9k | £4.5k |
| Year 2 — After a poor review, held by the corridor | £9k | £3.6k |
| Year 3 | £9k | £4.1k |
| Year 4 | £9k | £4.9k |
Idoneidad
Dónde encaja Renta de ingresos flexibles
Los casos que resuelve, los que no, y lo que un suscriptor necesita antes de tarificar.
Es la respuesta adecuada cuando
- A member with other assets, who can tolerate an income that varies.
- Someone who wants a hard floor but not the whole pot annuitised.
- Purchases from £30,000, where a blend is worth the extra complexity.
Conviene mirar otra cosa cuando
- A member whose essential spending needs every pound of the income — a lifetime annuity is the honest answer.
- Someone who wants a single, unchanging figure and no annual review.
Lo que necesitamos para tarificar
- 1.Date of birth, health information and the purchase price.
- 2.The split between guaranteed and variable layers, and the corridor.
- 3.Fund selection, and any dependant’s benefits for the guaranteed layer.
Preguntas
Lo que los corredores nos preguntan sobre este producto
Can the total income fall below the guaranteed layer?
No. The guaranteed layer is a lifetime commitment and is never reduced at a review. Only the variable layer moves.
What sets the corridor?
It is agreed at outset and stated in the contract. A narrow corridor makes the income steadier and damps the upside as well as the downside.
Is this drawdown?
No. Drawdown pays out of a fund that can be exhausted. Here the guaranteed layer is an insured income for life, and only the layer above it is investment-linked.
Jubilación
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Consúltenos sobre Renta de ingresos flexibles
El formulario llega a un suscriptor en Dublín. Si es intermediario, indíquelo y lo dirigiremos a la mesa de corredores.