Introducing Secure Lifetime Income - a new approach to retirement income

We've designed a new ground-breaking retirement income solution to help your clients achieve the flexibility and security many of them want from their retirement income plan.

Secure Lifetime Income (SLI) enables you to offer a guaranteed income for life within a SIPP, where you do business – on platform.

This means you can easily incorporate an element of guaranteed income alongside whatever investment strategies you use with your drawdown clients to produce a more sustainable retirement income. 

Secure Lifetime Income offers benefits to you and your clients

This exciting solution offers a variety of benefits for you and your clients including:

Client Benefits

  • Guaranteed income for life – SLI provides an individually underwritten guaranteed income which takes account of your client’s individual health and lifestyle
  • A legacy on death – SLI provides protection against death early in retirement by offering an automatic lump sum death benefit for a set period
  • A cash-in option – should your client’s circumstances change significantly during the set cash-in value period 
  • Simplicity – all retirement assets held in one place with a single P60 and a single portfolio view
  • Tax efficiency – income and any death benefit is paid into the SIPP enabling clients to choose when to withdraw income for tax efficiency.

Adviser Benefits 

  • It gives you new options to structure your centralised retirement proposition to better meet the retirement income objectives of your clients
  • A modern way to meet your client's secure income needs  opportunities for tax planning and income management on platform
  • Business efficiency  a process designed to work with your business and investment management models with an online underwriting, quote and apply process

Our new Secure Lifetime Income is currently only available through Novia.

Watch the demo video or go to Novia where you can also find out more.