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You can find the value of your pension on your latest pension statement. To take out a fixed term annuity you must be aged 55 or over. It is often described as “fund value” or “transfer value”.
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Your beneficiary needs to be at least aged 40 when the plan starts if a beneficiary's income is included. A fixed annuity is a retirement product which pays an income for an agreed period of time. The terms can be up to.
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