London based Seven Investment Management (7IM) has become a pension provider with the launch of its own Self Invested Personal Pension (SIPP).
The 7IM SIPP gives a choice of a range of investments. These include bonds, cash, cash funds, exchange traded products, government and local authority bonds and other fixed interest stocks, investment notes, managed pension funds, permanent interest bearing shares, real estate investment trusts, investment trusts and closed ended investment companies, and units in regulated collective investment schemes.
Verona Smith, head of platform, at 7IM said: “Becoming a pension provider in our own right underscores our commitment to offering a joined up retirement planning proposition. We have put huge amounts of resource, technology and investment into this launch to develop a very competitive offering.
“Many advisers have told us that it was important for their client experience to have a cost effective and easy to access SIPP which is fully integrated with the 7IM Platform. We also understand that from a suitability point of view it is important that we keep our open architecture approach and continue to make available other SIPPs via the 7IM platform."
7IM has assets under management of approximately £12.5 billion, more than doubling since 2013 with around 266 staff members.