What services are offered through LifeSight?

LifeSight Saving: Enables you to save for your retirement and, if you wish, access your savings through our flexible income drawdown arrangement (LifeSight Spending). As a member of LifeSight in the savings phase, you will have access to a range of online tools to help you understand when you may be able to afford to retire based on your current and anticipated savings in your LifeSight account as well as  any additional sources of savings you plan to use for your retirement that you enter online.

LifeSight Spending: LifeSight offers a flexible income drawdown arrangement where you keep your pension savings invested and withdraw income as and when you need to. It is an alternative solution to purchasing an annuity or cashing-in your retirement savings. Our online tools help you understand when your savings are likely to run out. If you haven’t been a member of LifeSight Savings, you would transfer your pension savings into LifeSight at the point when you want to start accessing them.

Depending on your employer’s choice, you will either be offered LifeSight Saving and then subsequently LifeSight Spending, or you will just be offered LifeSight Spending.

But, no matter what phase of LifeSight you are a member of, you can be safe in the knowledge that the board of independent trustees are working in your interests. They oversee all decisions around the investment choices and the journey that LifeSight will give you.