Scotia Retirement Income Fund
Right for you if:
You have retired, and have terminated your ARS or ASF
Scotia Retirement Income Fund is Scotia Insurances Immediate Payout Annuity.
Scotia Retirement Income Fund is a follow up plan to Approved Retirement Schemes (ARS) including ScotiaBRIDGE or an Approved Superannuation Fund (ASF). After you have retired and have therefore terminated your ARS or ASF, a Scotia Retirement Income Fund will now provide you with an income during retirement!
Product Highlights for Scotia Retirement Income Fund:
Offers variable and fixed payments respectively
The option of a 5-year guarantee period is available
Beneficiaries can be named
Variable payments begin immediately and continue up to the plan anniversary before your 80th birthday, at which point it converts from variable to fixed payments.
Flexibility in payment options monthly, quarterly, semi-annually or annually.
See product brochure for further details.