7IM offers Secure Lifetime Income from Just

Creating a reliable income stream for your clients in retirement can be a challenge. That's why we have partnered with Just to introduce their innovative Secure Lifetime Income (SLI), which provides guaranteed monthly payments for life.

How SLI can help you

A new income option

An alternative low risk asset that can be used to improve the sustainability of the portfolio and provide a guaranteed stream of income.

Improved client outcomes

Mitigates some of the key risks such as longevity and sequencing risk when drawing income from a portfolio.

Simplicity

SLI sits alongside your client’s other SIPP assets within a single wrapper, giving you a single portfolio view.

Business efficiency

An efficient and repeatable process designed to work with your business and investment management models, with an online underwriting, quote and apply process.

How SLI can help your clients

Guaranteed income for life

Provides a stream of guaranteed monthly payments for a client’s lifetime, creating a more sustainable plan. This income is 100% protected by the FSCS.

Flexibility

SLI payments are paid into the SIPP and can be taken as tax efficient income immediately or reinvested for a later date.

A cash-in option

There's a cash-in-value payable in the early years if your client's circumstances change.

A legacy on death

SLI provides protection against death early in retirement by offering an automatic lump sum death benefit for a set period.

Who is SLI for?

Clients in drawdown who are looking for more certainty of income within a given risk appetite, and who may also be looking to leave a legacy.

Who is eligible for SLI?

You must be FCA registered and your client must be a UK resident and aged 55 or over. Your client will also need to be on the 7IM Platform, hold a 7IM SIPP, and must have sufficient cash in crystallised assets.

Costs and charges

Normal platform fees apply for the cash-in-value whilst there is one.

Three easy steps to obtain a SLI quote...

Navigate to your client, select the 'SLI' tab, click 'Quote or Apply'

Select 'Accurate Quote' or 'Ball Park Estimate'

NOTE: Accurate quotes will be saved and viewable where you have navigated to the Spire portal with a client pre-selected via the 7IM platform. Ball park estimates are a guide and therefore cannot be saved or retrieved.

For more information about the SLI product view our SLI Help Centre

Get in touch

Don't have access to the 7IM Platform or the 7IM SIPP, or are you interested in the SLI product? Get in touch with our team today.

020 7760 8829

Getintouch@7im.co.uk

Book a virtual meeting

Partnership with Just

Just Group has a clear purpose to help people achieve a better later life.

A specialist UK financial services group focussing on the retirement income market, Just is a FTSE 250 company which has been trusted to manage over £23 billion of customers’ retirement savings.

Just’s solutions include individually underwritten retirement income products delivering a guaranteed income for life.

The companies within the Just Group are authorised and regulated in the United Kingdom by the Financial Conduct Authority and / or the Prudential Regulation Authority.

For further information visit the Just website