A Term Allocated Pension is a retirement income product that was closed to new investments in 2007. The Allocated Pension is open to new members. 

A Term Allocated Pension provides you with a regular income stream for a set period of time, determined by you. It also lets you:

• Control what assets your money invests in through your investment plan.
• Keep track of your investment performance and review your investment plan through Member Online.

It does not allow for lump sum withdrawals except in limited circumstances - please contact us for more information.