«Title» «First_Name» «Last_Name»

«Address_line_1»

«Address_line_2»

«Address_line_3»

«Postcode»

Dear «Title» «First_Name» «Last_Name»,	Date: 17 March 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 pleased to tell you that after reviewing your plan, the level of income you're taking and your income sustainability score hasn't changed a lot from what we discussed.

I’ve enclosed a copy of your Income report summary which provides an overview of your plan for the last 12 months and includes the results of my review. You should keep a copy of this report in a safe place for future reference.

Changes to your circumstances:

My review assumes there have been no changes to your personal circumstances. However, if there's been any changes that you think may affect the amount of income you need during your retirement, it's important that we don't ignore them. This could include changes to:

Your health – If your overall health has deteriorated, or your wellbeing has changed significantly, we may need to revisit your short or long term planning goals. Changes to your health or medical conditions can affect the level of risk you want to take and the most appropriate products for your needs.

Your marital status – If you’re planning on getting married or maybe getting divorced, you should think about the impact this can have on your personal circumstances and your priorities going forward.

We agreed that as part of the service I provide to you, we'll meet up regularly to review your plan. If you'd like to meet up to discuss your plan, please don't hesitate to contact me.

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»