UK investment manager 7IM has expanded its retirement proposition for financial advisers by partnering with retirement specialists Just Group to offer its secure lifetime income (SLI) on the 7IM platform.
SLI sits within the 7IM Sipp and enables advisers to offer a guaranteed income producing asset alongside existing drawdown arrangements and other investment strategies for their clients.
The solution from Just is designed to help advisers mitigate risks associated with retirement planning, such as longevity and sequencing risk, when withdrawing from a portfolio.
SLI payments can be used as income drawdown from the Sipp or reinvested back into the client’s Sipp investment portfolio or a combination of both.
‘Provide flexibility’
Verona Kenny, managing director at 7IM intermediary, said: “We’re excited to be adding SLI to the 7IM Sipp, as creating and managing a reliable income stream for clients in retirement is an increasingly important aspect of advisers’ work, and we want to provide as much flexibility for both advisers and their clients.
“The addition of SLI also complements our retirement income service, which we will be further enhancing soon to create an unrivalled retirement proposition for advisers and their clients.”
