Living Time is offering an investment plan with a number of guarantees for SIPP clients.
The firm says its Personal Investment Plan (PIP), part of Living Time's trustee investment range, brings the benefits of fixed-term annuities to SIPP investors. Pre-retirement investors and those using income drawdown will be able to invest in PIP, taking a maturity lump sum, regular income or a combination of both. The plan operates for a minimum term of 3 years for clients aged up to 75, with guaranteed capital returns on maturity, or guaranteed income. Living Time says a £100,000 investment by a 65-year old will return £125,806 after five years, or an income of £4,445 each year ove...
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