Perhaps the biggest and single most important decision that members will make is at the point of retirement. 

When it comes to retirement, Xafinity works with sponsors, trustees and governance committees to assist members to select the most appropriate form of benefits for them personally, whether that be a conventional annuity, investment-linked annuity, income drawdown or a combination.  

If an annuity is selected, we assist members to understand the relative merits and costs of incorporating a dependant’s pension, 5-year guarantee or protection from inflation. We also ensure that their relative health is taken into account as this can have a marked impact on the value of emerging benefits. Finally, we assist members to achieve the most competitive rates available.

It is particularly important that members are supported in this aspect of retirement planning, as the difference in retirement income provided by selecting the most appropriate type of annuity for the individual can be, at times, as much as 100%.