**NEW FOR 2025** Introducing the Later Life Account, our latest flexible annuity product designed to provide your client with sufficient funds to pay for care costs in the future. Clients have full flexibility of the income payments and can opt for one-off payments to help with care related costs.
Flexible annuities offer a variety of opportunities and can give clients more control. London & Colonial Assurance (‘LCA’) is the home of flexible annuities which includes the Flexible Life Annuity, the Flexible Pension Annuity and the Later Life Account for the UK tax resident market. If you would like to know more about our products you can find more information below, or you can contact your dedicated Business Development Manager or email sales@stmgroup.online.
The Flexible Life Annuity ('FLA') is a unit-linked purchased life annuity, written on a single life basis.
It is available to UK tax residents, who have at least £100,000 to invest, and are looking for flexible tax efficient income ('annuity') payments for life. You and your clients are in control of the income payment amounts, the income frequency and how your client’s investments are managed. These can all be set at outset and varied at any point.
The Flexible Pension Annuity ('FPA') is a unit-linked lifetime ('pension') annuity, written on a single life basis, and is purchased using crystallised pension assets.
It is available to UK tax residents, who have at least £100,000 to invest, and are looking for flexible tax efficient income ('annuity') payments for life. You and your clients are in control of the income payment amounts, the income frequency and how your client’s investments are managed. These can all be set at outset and varied at any point.
The Later Life Account ('LLA') is a unit-linked purchased life annuity, written on a single life basis.
It is available to UK tax residents, who have at least £50,000 to invest, to provide sufficient funds to pay for care costs in the future. You and your clients are in control of the income payment amounts, the income frequency and how your client’s investments are managed. These can all be set at outset and varied at any point. One-off annuity payments are permitted to help with one-off care related costs.
If you are looking for information about an older LCA annuity product not listed above, you can find out more here.
If you need to make a change to the amount or frequency of annuity payments for your client, then please complete this form. If your client’s personal details have changed then please complete this form. Completed forms can be returned to us at lca@stmgroup.online.
You can find more information on our frequently asked questions webpage, or alternatively you can contact us to discuss any changes.
We offer a Flexible Life Annuity (‘FLA’), a Flexible Pension Annuity (‘FPA’), and a Later Life Account (‘LLA’). Click here to find out more about each product and to understand which one is best suited to your clients needs.
When a client buys one of LCA’s products the assets and funds they invest in are placed into a ‘Cell’. As a separate cash transaction the client can also buy the preference share that is attached to that Cell. Purchasing a preference share, as well as a LCA product, can be advantageous. Find out more by visiting our secure document library.
Yes. All of our annuity products are flexible and therefore income (‘annuity payments’) can be increased, decreased, paused, or restarted.
To make a change please complete this ‘Change to Annuity Payments’ form and email it to us at lca@stmgroup.online.
If you are already registered with us then you can complete an illustration request form which you can find in our secure document library.
If you aren’t currently registered with us then you can register online here or contact us at lca@stmgroup.online
To obtain a current valuation, please contact our Customer Services Team at lca@stmgroup.online.
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