Just and Novia launch guaranteed income solution via platform SIPP

'First of its kind'

Hannah Godfrey
clock • 2 min read

Novia Financial has teamed up with Just Group to launch a guaranteed income solution product through the platform's self-invested personal pension (SIPP).

The launch of the product means advisers using the Novia platform can now target a guarantee income for life, while investing the remainder of a client's portfolio in more adventurous assets. Novia and Just said this was the first time a platform-based SIPP had been able to offer a fully underwritten guaranteed income solution integrated inside a platform. The product provides a personalised guaranteed income for life based on the client's age, individual medical conditions and lifestyle factors. The firms said, by using the solution inside the SIPP, advisers could minimise income and...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

'Urgent action' needed on Gen Z pension saving barriers: PPI report

'Urgent action' needed on Gen Z pension saving barriers: PPI report

Generation faces retirement challenges

Jasmine Urquhart
clock 26 February 2025 • 3 min read
Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read
Advisers call for new products to tackle retirement planning challenges

Advisers call for new products to tackle retirement planning challenges

Retirement products ‘don’t meet modern needs’

Isabel Baxter
clock 25 November 2024 • 3 min read