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What is Protektor Annuity Strategy?

Old Mutual Protektor has made it easy and affordable for members approaching retirement age to make good at-retirement investment choices. The Old Mutual Protektor Annuity Strategy offers you two annuity options that have been specially chosen by the Old Mutual Protektor Management Board to meet the different needs of members.
What's in it for you?

The Old Mutual Protektor Annuity Strategy consists of two at-retirement annuity solutions - Fund Select Annuity and Max Income Living Annuity. To make sure the range meets the needs of most members, each annuity works slightly differently - but both are designed to give you the reliable pension income you need.

Please read the Protektor Annuity Brochure and watch the video below to understand the difference between a Life Annuity and a Living Annuity, as well as your options.

Mature man at a coffee shopUseful documents to help you decideAn older woman with short grey hair holds a green umbrella in one hand. Key productsTake an in-depth look into these two annuitiesWant to know more about the Life Annuity – Fund Select Annuity?

This life annuity pays the pensioner a guaranteed monthly income for the rest of their life. Depending on various factors, including how well the market performs, they may receive a yearly pension increase, which will then also be guaranteed for life and will never be taken away. We have included some useful documents that will help you understand Fund Select Annuity better.

A woman in a cerise business suit at a table turning in a seat to look backWant to know more about Max Income Living Annuity?

This living annuity allows the pensioner to choose which investment portfolio their retirement fund savings are invested into, and what percentage of their total invested amount will get paid to them as an income. Unlike Fund Select Annuity, there is no guarantee that this income in retirement will continue for the rest of their life. We have included some useful documents that will help you understand Max Income Living Annuity better.

Two women at a table in a business setting laughingHave more questions on the Protektor Annuity Solutions?
Contact your Old Mutual Protektor Retirement Benefits Counsellor for free information and guidance

Email ProtektorAnnuity@oldmutual.com or call 0860 388 873. For advice contact your personal financial adviser

    The Effective Annual Cost (EAC) is a measure which allows you to compare the estimated impact of charges on different Financial Products. The EAC is made up of four cost components, namely investment management, advice, administration and other. The effect of some of the charges may vary, depending on your investment period.

    Financial Products include all savings and investment products, but exclude pure risk-based products and memberships from pension and provident funds.

    Bonus escalating (with-profit) annuities are not purely risk-based and some of the costs incurred on the product will impact future bonuses (increases to the income) declared.

    The EAC measure is primarily focused on investment products that may be surrendered, but please note that individual bonus escalating annuities may not be surrendered unless the purchase amount is below the regulated minimums.

    Prior to purchase if your retirement interests are below the regulated minimum you are able to elect to take your retirement interest as cash.

    If you would like to request a summary of the EAC for your annuity, email us at ProtektorAnnuity@oldmutual.com or call 0860 388 873.