7IM has added a guaranteed income option to its platform’s self-invested personal pension with the help of retirement product provider Just Group.
The feature allows advisers to offer their clients a guaranteed income producing asset alongside existing drawdown options and other investment strategies.
Called ‘Secure Lifetime Income’, the solution was based on feedback 7IM’s founder, Verona Kenny, and her team received following the introduction of pension freedoms in 2015 . 7IM and Just began discussing the idea three years ago.“One of the big bits of feedback we got was the need for more flexibility in the way clients take income from […]
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