7IM platform upgrade adds flexible fee structure

Upgrade said to open up advice to ‘new cohort’

Sahar Nazir
clock • 2 min read

7IM has upgraded its platform to allow advisers to charge for advice costs by setting up regular client contributions.

Fees can now be paid in instalments that coincide with clients' regular contributions and do not require online approval. This "opens the option of advice to a new cohort of clients who may need support with their pensions but not necessarily need a full advice service," 7IM said in a release. "By adding the option for advisers to charge fees for setting up regular contributions, we are enabling them to offer their services to a cohort of clients that may not necessarily need full and comprehensive advice, while at the same time, making it financially viable for them to offer this ser...

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