An annuity pension is a type of savings that is paid out over a certain period - for example, over 10 or 20 years from your retirement date. You save while you work, and then you a secured a monthly payout, when you retire.
A lifelong pension is a pension saving, through which you are guaranteed a monthly payout as long as you live.
The age savings pension is a one-off payment that you can receive when you retire or when you prefer it. Instead of having your savings paid out over time, you receive the total saving in one payment. Depending on your economic situation, there are advantages to each of the different savings types - you can talk to Skandia’s advisor about it, when you sign up.
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MATTER REFERS CUSTOMERS TO SKANDIA AND AP PENSION. MATTER OBTAINS PERMISSION TO SHARE INDIVIDUALS' DATA WITH SKANDIA AND AP PENSION, AND PERMISSION FOR SKANDIA AND AP PENSION TO IN TURN SHARE DATA WITH MATTER. ALL ADVISORY SERVICES, PAYMENTS, INVESTMENTS, ETC. ARE HANDLED BY SKANDIA AND AP PENSION.
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