Your Post-Retirement Options
These days, the average person retiring at age 65 can expect to live for at least another 20 years or more. Making the most of these retirement years involves careful financial planning. The first part of this is choosing the right pension plan. The second part is choosing the right post-retirement options for your needs.
These are your post-retirement options:
Approved Retirement Funds (ARF)
An ARF allows you to invest some or all of your maturing retirement fund into one or more of our funds. With an ARF you get to invest in funds which fit your investor profile and you get access to your capital.
Approved Minimum Retirement Fund (AMRF)
An AMRF is similar to an ARF but has some compulsory requirements that are intended to safeguard a portion of your retirement fund. These requirements are removed on your 75th birthday when your AMRF automatically becomes an ARF.
Annuities
The traditional option upon retirement was to take a tax-free lump sum from your retirement fund and purchase an Annuity with the balance. The Annuity guaranteed you a regular pension income for the rest of your life.
Friends First Post-Retirement products are part of our Conductor range of pension products. They offer the following key benefits:
- Comprehensive post-retirement options offering both ARF and AMRF options
- Choose from over 30 investment funds from 5 different fund managers
- Flexible, tailored plan to suit different types of investors
- Access our Self-Directed Investment option (SDIO) which allows you to control how your fund is invested.
Your financial adviser can give you more information about post-retirement options from Friends First.
Warning: The value of your investment may go down as well as up.
Warning: This product may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.
