«Title» «First_Name» «Last_Name»

«Address_line_1»

«Address_line_2»

«Address_line_3»

«Postcode»

Dear «Title» «First_Name» «Last_Name»,	Date: 19 April 2023

YEARLY INCOME REVIEW

When you took out an Income Release plan with Royal London, we agreed that I’d regularly review your plan to ensure it remains on track and provides you with your desired income.

I'm writing to let you know that after reviewing your plan and taking into account the life expectancy we discussed, the level of contributions being paid into your plan over the last 12 months, investment performance and the level of income you're currently receiving, your plan's income sustainability score is currently «Actual_income_sustainability»%. This is not the same as we expected.

It’s possible to change this going forward and I’d encourage us to get together to discuss your options. It’s also important that we discuss any changes in your personal circumstances and take these changes into account going forward.

I’ve enclosed a copy of your Income report summary which provides an overview of your plan for the last 12 months. We’ll discuss the report when we meet up. You should also keep a copy of the report in a safe place for future reference.

We agreed that as part of the service I provide to you, we’ll meet up yearly to review your plan. However, as your plan’s not currently meeting your income objectives, I recommend that we meet up sooner. I’ll contact you in a couple of days to arrange a convenient date to meet up and discuss the report in more detail and agree your next steps.

Yours sincerely,

[Name of adviser]

YOUR INCOME REPORT SUMMARY
Your name: «Title» «First_Name» «Last_Name»	Your plan number: «Plan_Number»
Review date:	«Review_Date»
INCOME PROBABILITY: Nominated income sustainability score:	«Nominated_income_sustainability»%
Current income sustainability score:	«Actual_income_sustainability»%
CONTRIBUTIONS: Expected contributions paid during this period:	£«Expected_contributions_paid_during_the_y»
Actual contributions paid:	£«Actual_contributions_paid_during_the_yea»
INCOME Targeted yearly income during this period:	£«Targeted_yearly_income_during_this_perio»
Actual yearly income paid during this period:	£«Actual_yearly_income_paid_during_this_pe»
INVESTMENT: Current investment choice:	«Actual_Investment_Choice»

CONCERNS:
The Income report summary has raised the following concerns, which I’d like to discuss at our next meeting:
Based on current contributions, the level of income isn’t sustainable long term and needs to be reviewed.
If you want to go back to the income sustainability scores we originally discussed, you’ll need to change to your income.
NEXT STEPS: At our next meeting I’d like to discuss: The concerns detailed above. If there’s any change to your health or personal circumstances. If there’s any change to your short/long term objectives.