You can find details and access literature for London & Colonial Assurance (‘LCA’) annuity products that are no longer available to new customers:
If you need help with any of our closed products, then please contact our Customer Services Team.
Sold from 2001 to April 2006
LCA’s Open Annuity was a pioneering and innovative new product offering unrivalled levels of flexibility, and previously unheard of within the pensions industry prior to its launch in 2001.
Offering flexibility that had never been seen before, it allowed clients to have control and choice over their annuity investments and the ability to vary the amount of income payable.
It was superseded by the New Open Annuity following the changes in pension legislation.
Available documents
Sold from 2001 to April 2006
LCA’s Managed Open Annuity was a “lite” version of the original Open Annuity which was a pioneering and innovative new product offering unrivalled levels of flexibility, and previously unheard of within the pensions industry prior to its launch in 2001.
The Managed Open Annuity offered flexibility that had never been seen before, it allowed clients to have control and choice over their annuity investments and the ability to vary the amount of income payable.
It was superseded by the New Open Annuity following the changes in pension legislation.
Available documents
Sold from 2011 to 2012
LCA’s EU Open Annuity provided international clients with both flexibility and control, when it came to the chosen amount of income taken and the investments selected. It was also available to non-UK residents.
Benefits to clients:
Available documents
Sold from 2007 to 2014
LCA’s New Open Annuity was the successor of the original Open Annuity.
It combined some of the essential elements from an income drawdown product and a conventional annuity including: investment control; the ability to vary income; lump sum death benefits; Second Life nominations; a 10 year guarantee period; and charity nomination options.
The New Open Annuity was a decumulation solution, which offered greater investment flexibility to that of the Multi-Platform Open Annuity and with no “lock-in”, could evolve in line with your clients changing income or investment requirements, throughout the whole of their retirement.
Available documents
Sold from 2011 to 2017
LCA’s Multi-Platform Open Annuity was the low cost version of our New Open Pension Annuity utilizing a carefully selected investment provider panel.
It combined some of the essential elements from an income drawdown product and a conventional annuity including: investment control; the ability to vary income; lump sum death benefits; Second Life nominations; a 10 year guarantee period; and charity nomination options.
The Multi-Platform Open Annuity was a cost effective decumulation solution, which was flexible and with no “lock-in”, could evolve in line with your clients changing financial requirements, throughout the whole of their retirement.
Available documents
If you need to speak to us about a novated policy that you have from STM Life, please contact our Customer Services Team.
The level of income or annuity payments can be varied between the minimum and maximum amounts that we will calculate in line with UK regulations. For more information, please refer to the key features document for the product.
We recommend speaking to your adviser as they will help you with all key financial decisions.
We recommend speaking to your adviser as they will help you with all key financial decisions.
To obtain a current valuation, please contact our Customer Services Team at lca@stmgroup.online.
For duplicate documents, please contact our Customer Services Team via email lca@stmgroup.online or telephone us on (+44) 0203 640 6843.
The content of this website does not constitute any form of advice or recommendation and should not be relied upon when making investment decisions.
@Copyright 2024 London & Colonial Assurance PCC Plc is registered in Gibraltar. Registered number 80650. Registered office: 3rd Floor, 55 Line Wall Road, Gibraltar GX11 1AA.
London & Colonial Assurance PCC Plc is regulated by the Gibraltar Financial Services Commission. Permission number 5191.
