P50R0053222 2022 Statement

4 October 2022 Policy number(s):
P50R0053222
Our reference: 0061855505 Policyholder:
Ian Evison
Mr I Evison Date of birth:

29 September 1969
79 Normandy Avenue
Victoria Road Retirement date:
Beverley 29 September 2034
HU17 8PR Policy name:
Choices - Protected Rights
Dear Mr Evison
Your pension pot at
Yearly review of your ReAssure pension a glance
Your yearly review contains important information about what you can do with your pension On 29 September 2022:
pot.
We’ve split your yearly review into sections:

The current value was:
£143,428.13
1. Facts & Figures – gives you more detail about your policy, including an estimate
of how much your policy could be worth at five-yearly intervals.
Guaranteed income
2. Our assumptions – lets you know how we calculated the figures provided in your pension pot could
your yearly review.
buy you in the future
Beware of pension scams Here’s an idea, in today’s

money, of how much income
Falling foul of a scam could mean you lose some or all of your money. See your pension pot could buy as a
pension-scams.com or fca.org.uk/scamsmart. Please also read the enclosed leaflet about guaranteed income for life at the
following ages:
pension scams from The Pensions Regulator and the Financial Conduct Authority.
If you’re paying money into your pension and you want to increase the amount you pay in, age 55 £5,100.00
please contact us.
age 60 £6,460.00
age 65 £8,370.00
Even if your retirement isn’t far off, there are steps you can take to increase your
pension pot. age 70 £11,100.00
MoneyHelper provides some useful information on this and why it’s important to regularly age 75 £15,300.00
check the progress of your retirement savings. We recommend you get independent
professional advice from a Financial Adviser if you’re unsure what to do. A Financial
Adviser can make a personal recommendation based on your individual circumstances and These illustrations aren’t a
the options available to you. If you don’t have an adviser, you can find one at promise or a guarantee. Read
www.unbiased.co.uk . You may have to pay for any advice you receive. Our assumptions for more
information.
You can also find out more about how to plan for your retirement at www.reassure.co.uk .
ReAssure Ltd, Registered Office: Windsor House, Telford Centre, Telford, Shropshire, TF3 4NB
Registered in England No. 754167
Tel: 0800 073 1777 Fax: 0808 168 3331 Website: www.reassure.co.uk
ReAssure Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation
Authority.
Firm reference number 110495. Member of the Association of British Insurers.
Here to help
If you have any questions, or need more information, please contact us on 0800 073 1777 between 8:30am and
5:30pm, Monday to Friday, not including bank holidays.
Yours sincerely,
ReAssure Pensions Team
Authority.
Dear Sir or Madam,
Dear Sir or Madam,
Dear Sir or Madam,
Have
Have you
you had
had your
your free
free Pension
Pension Wise
Wise
Have you had
appointment? your free Pension Wise
appointment?
appointment?
Pension Wise is a free and impartial service from MoneyHelper that helps you
Pension
understand Wise is a you
what free anddoimpartial service from MoneyHelper that helps you
Pension Wise is a freecan with your
and impartial pension
service frommoney.
MoneyHelper that helps you
understand what you can do with your pension money.
understand what you
We offer telephone orcan do with your
face-to-face pension money.
appointments with our highly-trained
We offer telephone
professionals or
to anyone face-to-face appointments
aged 50 or over with contribution
with a defined our highly-trained
(personal
We offer telephone or face-to-face appointments with our highly-trained
professionals
or workplace) to to anyone
pension. aged 50 or over with a defined contribution
options on(personal
professionals anyoneYou can
aged 50also explore
or over withyour pension
a defined contribution our website.
(personal
or workplace) pension. You can also explore your pension options on our website.
or workplace)
You’ll get: pension. You can also explore your pension options on our website.
You’ll get:
guidance
You’ll
z get: on how to make the best use of your money
z guidance on how to make the best use of your money
information
z guidance onabout
how to tax when
make taking
the best money frommoney
use of your your pension
z information about tax when taking money from your pension
tips on getting
z information the tax
about best deal,taking
when including howfrom
money to compare products,
your pension
z tips on getting the best deal, including
scams how to compare products,
how to compare
z get
tips financial
on getting advice and deal,
the best avoidincluding products,
get financial advice and avoid scams
getoffinancial
9 out 10 peopleadvice
who and
haveavoid
had ascams
Pension Wise appointment would recommend it
9
toout of
friends 10 people who have had a Pension Wiselooking
appointment
forwardwould recommend it
9 out of 10and family,
people whosohave
bookhad
yours now. We’re
a Pension Wise appointment to hearing
would from you.
recommend it
to friends and family, so book yours now. We’re looking forward to hearing from you.
to friends and
Yours faithfully, family, so book yours now. We’re looking forward to hearing from you.
Yours faithfully,
Yours faithfully,
Rosie Cottrell
Rosie Cottrell
Service Delivery Manager
Rosie Cottrell
PensionWise
PensionWise
PensionWise
Cut out and keep

Cut out and keep
Cut out and keep
Get
Get your
your free
free appointment
appointment now
now
Get your free appointment
It’s easy to book your appointment, just choose one
now
It’s
of easy to book your appointment, just choose one
It’sthe following:
easy to book your appointment, just choose one
of the following:
of the following:
0800 280 8880
0800 280 8880
0800 280 8880
moneyhelper.org.uk/pensionwise
Facts & Figures
What your pension pot is worth today
You currently have £143,428.13 available to support you in retirement.
Your recent policy activity
On 29 September 2021 your policy was worth £135,256.55
On 29 September 2022 your policy was worth £143,428.13
Things that increased your policy value
Total £0.00
Things that reduced your policy value
Charges paid to ReAssure £351.22
Charges paid to your adviser £0.00
Total £351.22
Other factors that could affect the value of your policy
Change in final bonus since last year £7,651.93
Anything else that has changed your policy value
Including changes to with-profits bonus rates (where they £870.87

apply) and investment performance
The policy charges shown include two types of charges: Implicit charges and Explicit charges. Explicit charges
are taken from your policy value and premiums and can include charges such as policy fees and bid-offer
spread. Implicit charges are taken from the daily prices of every unit you're invested in. These include Annual
Management Charges (AMCs) and Investment Management Charges (IMCs) and are used to cover the cost of
administering your policy. To find out more about policy charges go to www.reassure.co.uk/charges
What your pension pot could be worth to you in the future

Here is an idea, in today's money, of how much your pension could be worth at five year intervals. When you
took out your pension you chose an age when you thought you'd like to take a retirement income – we've
highlighted this age in bold for you in the table below. We’ve also included an indication of what guaranteed
yearly income (or annuity) this could buy at each age.
On 29
September age 55 age 60 age 65 age 70 age 75
2022
Current value £143,428.13 £150,000 £167,000 £188,000 £210,000 £235,000
Value of units £143,428.13 £150,000 £167,000 £188,000 £210,000 £235,000
Future
Annuity N/A £5,100 £6,460 £8,370 £11,100 £15,300
income
Authority.
Facts & Figures (continued)
These amounts aren't a promise or a guarantee of how much you could receive from ReAssure, and don't take
into account your individual circumstances and/or product choices. Read Our assumptions for more
information.
The projections we’ve included give you an idea of how much your pension could provide you with at different
stages of your life if you bought an annuity. However, they’re not a promise or a guarantee, so make sure you
review your retirement planning regularly. It's never too late to take positive steps to improve your situation. Visit
www.reassure.co.uk/keeping-on-track to find out more about how you can do this.
Where your money’s invested
Your policy is invested in the following funds (the unit price is that for 29 September 2022):
Fund Unit price Number of units Your value

Choices Unitised With-Profits Long Term Pension
3.55 9993.2828 £35,476.15
Accumulator Series 01 ()
Review your investment

You should regularly review the funds you’re invested in especially if your circumstance or plans have changed.
You should always make sure that the funds you’re invested in match your attitude to risk and what you have
planned for your money. For example:
• If you stay in low risk funds too long you may miss out on strong growth in financial markets and your
policy could be more vulnerable to the effects of inflation.
• On the other hand, if you’re planning on taking a large proportion of your savings soon, being in higher
risk funds puts you at risk of sudden movements in the stock markets affecting what you may get back.
If you’re not sure about what funds to invest in, you should seek guidance or independent professional advice.
To find out about funds you should go to www.reassure.co.uk/funds :

• You’ll find current fund prices, investment objectives, past performance data, information about charges
and a list of the funds available to you.
• You’ll also find current bonus rates, our with-profits summary and Annual Board Report.
• Download a guide to how the with-profits fund is managed for more information about your with-profits
investment.
Regular bonus (added to the value of your units)
Fund Name Bonus Rate Applied From Applied To
Choices Unitised With-Profits Long 1.50% 01/04/2004 To Date

Term Pension Accumulator Series
01
• Visit www.reassure.co.uk/funds for regular bonus rates.
Final Bonus as at 4 October 2022 £107,951.98
• Your final bonus is included in your current value and illustrations.

• Final bonuses are not guaranteed and the amount will only be confirmed when you take the money from
your policy.
• Visit www.reassure.co.uk/funds for final bonus rates.
Authority.
Facts & Figures (continued)
We recommend you get independent professional advice from a Financial Adviser if you’re unsure what to do. A
Financial Adviser can make a personal recommendation based on your individual circumstances and the
options available to you. If you don’t have an adviser, you can find one at www.unbiased.co.uk . You may have
to pay for any advice you receive.
Payments into your pension pot

We haven't received any contributions into your pension since your last statement. Visit us online to see how
making pension contributions could have a positive effect on your retirement income.
We don't currently receive any regular contributions into your pension pot.
You may be entitled to claim tax relief from HMRC via a self assessment tax return. HMRC won’t be able to give
you your tax relief unless you tell them about it, so it’s really important that you tell them if you think you’re
eligible.
Authority.
Your policy provides you with the cover listed below. It's not always possible to list all instances where your cover could apply. If you're unsure
if you're able to make a claim under any of the cover types listed you should call us straight away.
All cover will be lost when your policy ends and may be affected if you make any other changes to your policy.
Following a successful claim, there may be a period of time before the cover is paid. If this applies, it will explained fully at the time of the
claim.
Please note that the amounts shown are correct at the date of this letter and may be recalculated on at the point of a claim being made.
Person(s) covered: Mr Ian Evison

Event Amount paid Regular increases End date What this gives you
Pays the amount of cover when the person covered
29 September has died, as long as this is before the cover end date.
Death £143,467.94 No
2034 This is payable in the event of the death of the life
assured.
Authority.
Our assumptions
The figures in this yearly review were calculated on 29 September 2022. It’s not possible to provide illustrations
for every eventuality, so we have made some assumptions when calculating your illustration. You can find out
more about the assumptions we've made by downloading our Guide to your yearly review from
www.reassure.co.uk/guide-to-your-illustration .
• We’ve made assumptions as to the nature of investments you hold, and their likely
Your performance. Your investment choices and their actual performance may not be the
investment same as we have assumed.
• We’ve assumed that your pension fund grows by 5.90 % each year.
• Inflation affects the buying power of your money. Think about how much more your
weekly grocery shop costs today than it did ten years ago. It’s important to review your
policy regularly with this in mind.
Inflation • We’ve adjusted your illustrations to take yearly inflation of 2.5% into account, so you
have an idea of how much retirement income you could get in today’s money.
• Under this assumption, a yearly retirement income of £10,000 in 20 years’ time would
only be worth the equivalent of £6,100 in today’s money.
Contributions • We assume that nothing further is paid into this pension.
• The retirement income illustrations assume that you buy an annuity when you retire.
• Annuity rates available when you come to take retirement option are likely to be different
to what we’ve assumed, so make sure you get quotes based on your personal
circumstances.
• We’ve shown how much you could receive based on you retiring on 65 and at five yearly
intervals.
• We’ve assumed that the amount of retirement income you receive remains the same for
the rest of your life.
• When you buy an annuity you may be able to take a portion of your pension pot as a
tax-free lump sum (normally no more than 25%). Our figures assume that no lump sum
is taken.
• We’ve assumed that when you take your retirement income it will be on a single life
basis and payments will be guaranteed for five years. This means:
Your retirement • If you die in the first five years of taking out your annuity, payments will
continue until the end of the guarantee period. After this no more income will be
paid.
• If you die after the first five years, your retirement income will end and no
further benefits will be paid.
• We’ve assumed that payments of your retirement income will be made monthly in
advance.
• There are other options available to you if you were to take an annuity, such as inflation
proofing your income, taking a tax-free lump sum at outset, or providing an income to a
beneficiary if you were to die before them. If you took an income using any of these
options it’s likely that you’ll receive a lower retirement income.
• Your actual retirement income will depend on a number of things, such as the
performance of your investment, your health and personal circumstances, and how
much it costs to buy an annuity when you retire.
Authority.

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4 October 2022 Policy number(s):

Mr I Evison Date of birth:

We’ve split your yearly review into sections:

Beware of pension scams Here’s an idea, in today’s

ReAssure Pensions Team

Cut out and keep

What your pension pot is worth today

You currently have £143,428.13 available to support you in retirement.

Your recent policy activity

On 29 September 2021 your policy was worth £135,256.55

On 29 September 2022 your policy was worth £143,428.13

Things that increased your policy value

Things that reduced your policy value

Charges paid to ReAssure £351.22

Charges paid to your adviser £0.00

Other factors that could affect the value of your policy

Change in final bonus since last year £7,651.93

Anything else that has changed your policy value

Including changes to with-profits bonus rates (where they £870.87

What your pension pot could be worth to you in the future

Current value £143,428.13 £150,000 £167,000 £188,000 £210,000 £235,000

Value of units £143,428.13 £150,000 £167,000 £188,000 £210,000 £235,000

Where your money’s invested

Fund Unit price Number of units Your value

Review your investment

To find out about funds you should go to www.reassure.co.uk/funds :

Regular bonus (added to the value of your units)

Fund Name Bonus Rate Applied From Applied To

Choices Unitised With-Profits Long 1.50% 01/04/2004 To Date

• Visit www.reassure.co.uk/funds for regular bonus rates.

Final Bonus as at 4 October 2022 £107,951.98

• Your final bonus is included in your current value and illustrations.

Payments into your pension pot

Person(s) covered: Mr Ian Evison

Contributions • We assume that nothing further is paid into this pension.

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