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

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read
Utmost to sell life and pensions business to JAB Insurance

Utmost to sell life and pensions business to JAB Insurance

To focus on wealth solutions business

Jen Frost
clock 22 December 2025 • 2 min read
Editor's view: How disjointed is the government's salary sacrifice change?

Editor's view: How disjointed is the government's salary sacrifice change?

The editor's Friday Night Takeaway from 19 December

Jen Frost
clock 19 December 2025 • 3 min read