What are my investment options

The Fixed Term Retirement Plan offers two investment options: the Aviva Guaranteed Fund and the guaranteed maturity value.

You can invest in either or both of these options. Each one provides a guarantee around what your plan will be worth when it matures, but with the Aviva Guaranteed Fund, you also have the opportunity to benefit from growth on your investment.

The minimum investment into the plan is £30,000, after any tax-free cash is taken. The minimum amount you can invest in each of the options within the plan is £5,000. If you choose to take an income, we'll calculate the money we need to pay your income until the plan matures and deduct it from the amount you give us to place in the Fixed Term Retirement Plan. We invest the remaining pension fund in your chosen investment options.

The Aviva Guaranteed Fund

Your plan value is guaranteed to be worth at least the amount you originally invested in this option.
Any investment growth the plan makes will also be added when it matures.
At the maturity date you must use the plan value to buy another retirement income product.
You can only invest for five years.
The value of your investment may vary from day to day.
If you die during the term of your plan, your estate will receive the value of the fund on the date we're told of your death, which may be less than the amount you originally invested.
You can track the performance of your investment at www.aviva.co.uk/funds/pension-funds.html

The guaranteed maturity value

We’ll tell you at the start of the plan what your plan will be worth at maturity. This amount doesn’t depend on plan performance.
At the maturity date you must use the investment value to buy another retirement product.
You can invest for a term between five and 10 years.
At the maturity date you must use the plan value to buy another retirement product.
If you die during the term of your plan your estate will get back the amount you originally invested.

Investing in both options

If you invest in a combination of the Aviva Guaranteed Fund and a guaranteed maturity value, you can only invest for five years.

How to apply

You can only invest in a Fixed Term Retirement Plan through a financial adviser. You should check first whether you’re eligible for the plan.

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Printable version

WC04052 04/2012

Fixed Term Retirement Plan