7IM’s self-invested personal pension (SIPP) has surpassed £7bn in assets under administration.
7IM said this milestone comes amid rising demand for flexible retirement solutions, "driven by pension freedoms and the shift of long-term saving responsibility from employers to individuals". The Financial Conduct Authority estimates that around 5.3 million people in the UK now hold a SIPP (2024). Meanwhile, data from the Association of British Insurers showed that pension annuity sales increased by 24% last year hitting a ten-year peak of 89,600. 7IM saw a 165% jump in clients utilising its secure lifetime income (SLI) solution over the past year, launched in partnership with Jus...
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