It's important that you read this page. It contains important information.
You will be able to access the tool at the bottom of this disclaimer.
By accessing and using the Retirement Needs Calculator (the “Tool”), you will be deemed to have agreed to what is set out below (the “Terms of Service”). If you do not agree to these Terms of Service, you are not permitted to use the Tool.
The Tool is a modelling tool made available to you by Scottish Equitable plc ("we"). We are registered in Scotland under company number SC144517 and have our registered office at Edinburgh Park, Edinburgh, EH12 9SE.
We may revise these Terms of Service at any time, without notice to you. Your use of, or your accessing, the Tool implies your acceptance of the updated Terms of Service. We are part of the Aegon group.
1. Information, not advice
The Tool is for information only and is subject to change without notice. The Tool is not in any way an offer to sell our products. The Tool is intended only to provide information to assist you with your personal financial planning.
Neither the income planning tool, nor anything in connection with the Tool should be regarded as offering personal financial advice and/or the provision of advice on the suitability of any financial products. The Tool should not form the only basis of any decisions you make in connection with specific financial products or strategies nor should you rely solely on any output from the Tool.
Any financial advice required should be sought from a person or company authorised to provide such advice under the Financial Services and Markets Act 2000.
2. Using the Tool
You are required to input certain information about your financial circumstances into the Tool. It is your responsibility to ensure that all information inputted is correct.
To the extent allowed by law, we accept no liability for any projections made by the Tool or for any loss or damage incurred by you (however such loss or damage occurs) in connection with your use of the Tool (whether or not the information you put into the Tool is complete and accurate).
The information in the Tool is based on our understanding of current legislation, taxation law and practice, which may change.
3. Leaving the Tool
We are not responsible for the security of content of any non-Aegon websites which may be linked to/from the Tool.
4. Intellectual Property
Copyright in the Tool, any trademarks displayed, and all other intellectual property rights in connection with the Tool are owned by Scottish Equitable plc, other Aegon group companies, or their respective third party licensors. All rights reserved.
You are granted a non-exclusive, personal, non-transferable right to use the Tool in connection with these Terms of Service only.
5. United Kingdom residents
The Tool website is intended for the information and use of United Kingdom residents, who are aged 18 or over, only. We will provide information on the Tool only in English.
6. Downloading information
Please note that any downloading of software or information is done at your own risk. We do not warrant the suitability of anything that is downloaded and accept no liability for any problems that may arise as a result. If you're in any doubt about downloading anything, we recommend that you take specialist advice before downloading.
7. Tool availability
We do not guarantee that the Tool will be available at all times or that it will be error free. Further, the Tool may be amended or withdrawn at any time without notice. Neither Scottish Equitable plc nor any other Aegon group company shall be liable in any way if the Tool is unavailable, amended or withdrawn.
We reserve the right to deny you access, or to remove your access, to the Tool where we reasonably believe there is fraudulent activity or a security breach, whether or not caused by you.
8. Terms of acceptable use
We make the Tool available for you to use subject to these Terms of Service. Your use of the Tool and any website, email and web-chat in connection with the Tool is subject to you not including and/or uploading any comment or material in an email or webchat that is, or could be construed as being:
- threatening or menacing
- false, misleading or inaccurate
- libellous or defamatory of any person
- deceptive or fraudulent
- invasive of another's privacy
We reserve the right, at our sole discretion, to remove your access to the Tool or any related website and remove any comment or material that, acting reasonably, we consider, or we reasonably believe another person may consider, contains such comment or material.
9. Important Information
(a) Neither Scottish Equitable plc nor any other Aegon group company will be liable in any way for any errors and/or omissions concerning what is on, or is omitted from, the Tool.
(b) Neither Scottish Equitable plc nor any other Aegon group company will be liable in any way for the results of any unauthorised access to the Tool or any unauthorised alteration to the Tool.
(c) The terms of, and use of, the Tool shall be governed by the law of that part of the United Kingdom in which you reside.
(d) The website pages that result from your use of the Tool may not, in whole or in part, be reproduced, copied, stored, transmitted, or used by any party except for the purpose of downloading for private, non-commercial viewing purposes or where we've given our prior written consent. You must not alter anything on the Tool or any related website. No material from the Tool or any related website may be used on any other website and no links may be created to the Tool or any related website site without our prior written consent.
(e) We may make changes to the information on the Tool or any related website at any time without updating this page to reflect those changes and neither Scottish Equitable plc nor any other Aegon group company will be liable for errors, omissions or for information becoming out of date. If you're in any doubt as to the accuracy and currency of any information on the Tool or any related website, or if you require any further information, please contact us.
(f) the Tool is intended to give you information and is indicative only– it is not a guarantee and cannot be relied upon. No part of the Tool replaces product illustrations or other documents required by applicable laws and regulations, such as a Key Features document, and using the Tool should not form the only basis of making any decisions about a specific product or choice of product.
(g) You are responsible for all fact-finding and obtaining any independent financial advice you may require. You must ensure you have reviewed all the terms and conditions relating to any particular investment or financial product as the Tool models typical investment and product types not specific ones.
(h) We are not liable for any losses you suffer whether or not the information you put into the Tool is complete and accurate.
(i) The features and output of the Tool may suggest actions you take and amounts you need to invest in order to achieve different financial objectives you are aiming for. This depends on a number of different factors. Including, for example;
- how any investment grows
- the value of other investments you may have
- the age at which you start taking benefits, and
- annuity rates when you purchase a pension.
You could get back more or less than any amount shown and you may get back less than invested.
10. Data protection
Our use of your personal information is governed by our Privacy Statement, which forms part of these Terms of Service. Please read the Privacy Statement carefully – it deals with your rights and our obligations in relation to your personal data, including what we can do with it, to whom we may disclose it, together with your rights of access.
By selecting ‘Accept & proceed’ you are confirming you are happy to continue on the basis set out above.