Products for smokers

Our enhanced annuity rates for smokers are always very competitive and normally one of the best in the market.

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Enhanced Pension Annuity For Smokers

We believe in giving people the full benefit of their pension fund, taking account of their personal circumstances. For those who smoke at least ten cigarettes a day (or 85 grams of rolling tobacco per week) and have done so for at least the last ten years this has an effect on their life expectancy. We take this into account along with some other lifestyle and medical conditions present (raised blood pressure, raised cholesterol, body mass index, diabetes, and severe coronary artery disease) to give them a bigger annuity.

We may obtain a doctor's report to verify the information supplied in the application

We may reduce the annuity if we discover that an annuitant failed to disclose accurately information about his or her smoking habits, lifestyle or medical conditions, or we are unable to obtain evidence to support the application. We will require the repayment of any past overpayments and will adjust the future annuity amount to recover such overpayments.

Financial Services Compensation Scheme

Reliance Mutual has always met its annuity commitments. In the unlikely event of us not being able to do so in the future, your interests will be protected by the Financial Services Compensation Scheme (FSCS). There are maximum levels of compensation you can receive under the Scheme. You will normally be covered for 90% of payments due under your annuity. For further information you can contact the FSCS helpline on 020 7892 7300 or visit their website at www.fscs.org.uk.