Aegon Secure Trustee Investment
We recognise that being a trustee can be stressful, especially when they're responsible for ensuring that pension funds meet the needs of their members when they retire. The risks that we all face could have a damaging impact not only on the value of any pension pot, but how much can be taken as income.
To help take some of the strain off trustees of self-invested personal pensions (SIPPs) and small self-administered schemes (SSASs), they can invest in an Aegon Secure Trustee Investment plan. The trustees can choose whether to guarantee a minimum income for life, income for 20 years or a minimum return of capital at a fixed future date. And of course, the value of the plan also has the opportunity to grow and lock in higher guarantees.
Aegon Secure Trustee Investment simulator
Use our Aegon Secure Trustee Investment simulator(Opens new window) to customise a report specific to your clients situation. Show them how long money could last in a standard SIPP cash account and how they can get a guaranteed minimum income for life if they select the guaranteed lifetime income option. You can also see how it would have performed if they'd invested at a date in the past - take them back anything from 15 to 25 years.
For the guaranteed capital option, the guaranteed capital value only applies at the end of the term and not before or after. The plan doesn't have to be cashed in at the end of the guarantee capital term - it can remain invested. However, if it does remain invested, the fund value is subject to normal market volatility as the capital guarantee has ended. You may get back less than you originally invested.
If the trustee doesn't select the guaranteed death benefit option and the last life assured dies, the amount we pay out isn't guaranteed and they may get back less than the original premium.
The product is provided by Aegon Ireland plc in Dublin.