7IM has launched a tailored drawdown feature within its self-invested personal pension (SIPP).
The service will be available to all members of the SIPP and was designed to allow advisers to tailor drawdown requirements to an individual client's needs. In addition, advisers will also be able to continue to control the investment options within the SIPPs, as well as setting drawdown levels to manage clients' income tax liabilities. 7IM managing director Verona Kenny (pictured) said: "We are excited to be one of the first non-insurance providers to offer tailored drawdown within our SIPP." She said: "By our own omission we were slow to launch our SIPP but are now striving to ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
