Retirement choices can be confusing
Faced with confusing options and choices at retirement, we know that many people are finding it hard to decide what’s right for them.
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Mixed Income Builder: giving your employees the power to protect and freedom to flex their pension
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We’re here to help when members want the best of both worlds, where they can secure a guaranteed income for life and then take the rest flexibly whenever they want.
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We’re cutting through the complexity of choice and helping employees get the balance right when taking their pension savings.
Combining real member feedback with data from the PLSA’s Retirement Living Standards, our tool gives employees the power to protect and the freedom to flex their pension. They can see how they can use some of their money to secure a guaranteed income for life and then take the rest flexibly whenever they want.
Hear from Esther Hawley, Head of Retirement Proposition at Standard Life to discover more about Mixed Income Builder tool.
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How does Mixed Income Builder work?
Built in collaboration with employers and members, our Mixed Income Builder helps employees decide what works best for them, giving them more certainty over what their future could look like. The tool will show employees:
If they're able to reach the minimum income needed each year to cover their essential costs, based on the PLSA's Retirement Living Standards.
If purchasing an annuity could help, by converting some of the money in their pension pots into a guaranteed income for life.
How they could make adjustments and increase their income beyond the minimum level.
How much they might have left in their pension pot to take flexibly, whenever they want.
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How will it benefit employees?
Our Mixed Income Builder can help employees:
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Get the best of both worlds
Employees can secure a guaranteed income for life and then take the rest flexibly whenever they want.
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Make confident financial decisions
Our tool give employees a simpler way to make confident decisions about their financial future.
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See their future more clearly
Employees can get a clearer view of what their retirement income could look like.
Helping more people reach their ideal retirement
Our Mixed Income Builder is just one part of our journey to helping more people get on track for the retirement they want. As always, understanding employees’ needs is crucial to the development of our products and services, and we’re gathering real user insights by collaborating with members and employers to shape the future of our holistic retirement solutions.
