Personal Investment Plan
A guaranteed trustee investment
The Living Time Personal Investment Plan is ideal for trustees and managers of trust-based pension schemes looking for added security as part of an overall investment strategy.
For PIP product details, click here ยป
Trustees can choose between guaranteed income, guaranteed growth, or a mixture of the two on behalf of a Specified Member.
Watch our video
We have created this short video that explains how, as part of an overall income drawdown strategy, the Personal Investment Plan can meet the needs of pension scheme trustees looking for flexibility, control and certainty.
Guaranteed death benefit
As death benefits are also often a concern to clients (the more flexible approach offered by Drawdown is often a key reason many choose USP solutions) the trustee's investment is protected by Value Protection death benefit which is a mandatory feature of the Personal Investment Plan. This benefit will return a lump sum equal to the initial investment (less gross income paid) to the trustee bank account should the Specified Member die during the term of the Plan.
For a client scenario outlining the potential suitability of the Personal Investment Plan, click here »
PIP suitability (hover)
- Click the icon below to download a scenario that demonstrates the potential suitability of the Personal Investment Plan as an alternative trustee investment for SIPP or SSAS.
What are the risks?
- Death benefits
If the specifi ed member dies during the Plan term, the original investment less the total income paid to the date of death will be returned to the registered pension scheme and any growth will be lost. - Inflation
Inflation will reduce the capital value of the GMA in real terms and the value of benefi ts subsequently purchased. - No withdrawal or changes
After the application is received by Alico, the trustees buying the Living Time Personal Investment Plan have 30 days to change their minds. After that the funds cannot be moved or the benefits changed until the end of the term. If the trustees decide to cancel, we will return the funds back to the registered pension scheme. If, in the meantime, the value of the investment has changed, the amount returned to the registered pension scheme may be more or less than was originally invested into the Living Time Plan. Additionally the trustees will be required to repay any income that they have received to Living Time.