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:
- 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.
- 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.