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Rente à revenu flexible
Combine un revenu minimum garanti et une part liée à l'investissement, afin que l'affilié conserve une exposition aux marchés sans mettre en péril le plancher garanti.
Ladies View, comté de Kerry · Marco Ober, CC BY-SA 4.0
À qui il s'adresse
Particuliers disposant d'autres actifs et acceptant la variation
Ce qu'il fait
- Revenu minimum garanti à vie
- Tranche liée à l'investissement révisée chaque année
- Revenu ajustable dans un corridor défini
- Prestations au bénéfice des ayants droit sur la tranche garantie
Le produit en détail
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.
Documentation
La documentation produit est remise aux intermédiaires accrédités. Demandez-la à votre souscripteur, ou demandez-la via le formulaire de demande.
- Document sur les caractéristiques essentiellesSur demande
- Guide de la gamme de fondsSur demande
Comment cela fonctionne
Ce qui se passe, dans l'ordre
De la première demande jusqu'à la mise en place de la garantie, du contrat ou de la ligne.
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.
Les chiffres
Un exemple chiffré
Des calculs donnés à titre indicatif, pour que la structure du produit se voie plutôt qu'elle se décrive. Rien ici n'est une offre ni une projection.
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.
Voir ces chiffres sous forme de tableau
| Guaranteed layer | Variable layer | |
|---|---|---|
| Année 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 |
Adéquation
Où Rente à revenu flexible trouve sa place
Les cas auxquels il répond, ceux auxquels il ne répond pas, et ce qu'un souscripteur demande avant de tarifer.
C'est la bonne réponse lorsque
- 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.
Il faut regarder ailleurs lorsque
- 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.
Ce qu'il nous faut pour tarifer
- 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.
Questions
Ce que les courtiers nous demandent sur ce produit
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.
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