Description of the Fund
The Golden Growth With-Profit Annuity (GGWPA) provides a regular pension guaranteed for life as well as the opportunity to participate in investment upside generated via an annual pension increase. Pension increases each year are linked to the performance of a portfolio of assets.
The maximum post retirement interest rate (pri) currently offered is 5%. Choosing a high pri, gives a higher initial pension, but future increases will be lower compared to if a lower pri was chosen.
Mortality profits and losses are treated as part of the with-profit pool. This means that any future mortality profits will result in higher future increases.
A multi-manager version is also available with Investment Solutions as the underlying manager.
Fund Objective
The key objective of the GGWPA is to provide a minimum guaranteed pension for life, while aiming to:
