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2023 Increase Notes

Just Lifetime Income provides guaranteed lifetime income for pensioners and has a five year track record that has outperformed similar competitor products and performed well against inflation. Increases are the same for our standalone with-profit annuity or our lifetime income portfolio in the blended living annuity, both commonly referred to as JuLI. Increases vary based on the performance of the underlying investment portfolio and the increase category chosen. These notes provide details of the five year track record and the increase calculations.

Read more about annual increases for Just Lifetime Income:

  • The promises of the product
  • What drives annual increases
  • The competitiveness of these increases
  • How starting income takes account of known investment performance
  • How you can monitor expected future increases