A simple and flexible retirement solution

For intermediaries only

One Retirement gives you and your clients an easy-to-use online solution that can be adapted to suit your clients' needs, giving them a choice around how to take their retirement income.

Our governed fund range offers quality funds across the asset classes, including access to our easy-to-use Core Portfolios, making fund selection straightforward for you and your clients.

And it's now even easier for your clients to invest in One Retirement. Have a look below at some of the changes we've made to price and minimum contribution amounts.

Lower minimum contributions and transfer values

On 22 July 2019 we changed some of our minimum contribution levels as follows:

  Before 22 July 2019 From 22 July 2019
Initial investment value £10,000 £1
Single contributions £2,000 £1
Regular monthly contributions £200 £1
Initial transfer value £2,000 £250
Additional transfer value £500 £250
Minimum amount required to access drawdown: pre-pension £20,000 £0
Minimum amount required to access drawdown: post-pension £15,000 £0

Annual charge discount offer for new accounts

Open a new One Retirement account by 30 April 2020 and your clients will pay an annual charge of 0.15%, down from the standard 0.3% rate, on amounts under £250,000.

To take advantage of this offer, all new business needs to be submitted by midnight on 30 April 2020, when this offer ends. After this date the annual charge will change back to the pre-offer price.

All One Retirement charges are subject to future change in line with the One Retirement terms and conditions.

Taking an income in retirement

We've designed One Retirement to make the most of the retirement options available and to meet the needs of your clients, with easy access to their money if their circumstances change.

There are broadly three ways for your clients to take an income in retirement, as follows:

Cash lump sum

Client cashes in retirement savings - 25% tax-free lump sum, pay tax on 75%1.

Annuity

Guarantees an income for life but with limited flexibility.

Flexi-access drawdown

Provides an income while the client remains invested, but their income isn't guaranteed.

1 The amount of tax-free cash available may vary depending on circumstances and any guarantees previously secured.

This is based on our understanding of the current legislation, taxation law and practice in the UK which may change.