Occurs when a pension scheme member in poor health retires early. The pension may be higher than the amount that would have been achieved by an early retirement for other reasons.

A life, pensions or investment estimate given in respect of the returns a person might get on their contributions or investment. It usually shows the expected outcome for different levels of be growth. The actual returns may higher or lower than the estimates provided. The illustration is an ‘invitation to treat’ not an offer.