7IM enters SIPP market

Non-standard assets not allowed

Hannah Godfrey
clock • 1 min read

Seven Investment Management (7IM) has taken its first step as a pension provider and launched its own self-invested personal pension (SIPP) product on its platform.

The SIPP, which launched on Monday and is available only on 7IM's platform, allows investors to choose from a range of investments, including bonds, cash, structured products and exchange-traded products, though no non-standard assets are permitted. It will cost investors nothing to open and people who invest more than £75,000 face no annual fee. However, those with less than £75,000 invested will be charged £100 a year. Other charges include a £75 closure fee and a £50 levy each time an investor draws down funds. 7IM head of platform Verona Smith said launching a SIPP is a natural pa...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension IHT: A minor win for executors, a missed opportunity for HMRC

Pension IHT: A minor win for executors, a missed opportunity for HMRC

'It's a great pity HMRC couldn't have been a bit braver and taken the sensible approach'

Rachel Vahey
clock 09 December 2025 • 3 min read
Salary sacrifice change to 'hit' more than three million workers

Salary sacrifice change to 'hit' more than three million workers

Government releases impact assessment

Jen Frost
clock 05 December 2025 • 3 min read
Andrew Tully: Plummeting pensions confidence is 'siren call' for wide-reaching action

Andrew Tully: Plummeting pensions confidence is 'siren call' for wide-reaching action

'We're seeing a deep erosion of trust in the retirement system'

Andrew Tully
clock 05 December 2025 • 3 min read