Your options at retirement

Introducing LifeSight Drawdown – A flexible retirement option

When it comes to retirement, a one-size-fits-all approach simply doesn’t work. Everyone’s circumstances, goals, and priorities are different. Which is why the Trustee have introduced a new option for taking your benefits at retirement – flexi-access drawdown with Lifesight. Designed to give you greater flexibility and control over your pension savings.

LifeSight is a Trustee-approved solution that allows you to keep your pension savings invested while drawing an income as and when you need it. This approach, known as flexi-access drawdown, offers an alternative to traditional annuities and gives you the freedom to manage your retirement funds in a way that suits your lifestyle.

With LifeSight, you can choose how much income to take and when to take it, while the remainder of your savings stay invested.

This option is only available for Defined Contribution (DC) benefits. If you hold Defined Benefits within the Scheme, this option does not apply.

Other drawdown options remain available in the wider market. How you take your savings when you retire is a big decision. You should consider seeking financial advice to understand what option is right for you. You can visit the MoneyHelper website if you need help finding an adviser.