Primetime Retirement has revealed Pointon York will provide the SIPP within its new Primetime Retirement Plan.
Primetime Retirement, previously known as Living Time, had announced its Primetime Retirement Plan would be delivered through an Investec structured deposit.
This structured deposit will be packaged within the SIPP wrapper.
Kim Lerche-Thomsen, CEO of Primetime Retirement, said: "We are delighted to be able to announce the launch of the Primetime Retirement Plan, with our first Issue opening for business on the 12th of March. We will be offering four different plan options at outset, including an accumulation option available to those aged 49 and over.
"Our plan offers those approaching as well as those already ‘in' the primetime retirement years a flexible proposition and unique set of benefits, all contained within a SIPP wrapper. We are very pleased to announce that our SIPP is being provided by Pointon York."
Jo French, managing director of Pointon York said: "It's fantastic to be working alongside Primetime Retirement .The solution this brings to the retirement market is set to revolutionise the way IFAs look at SIPPs and retirement planning in general."
The plan will be available in four options; offering a mixture of fixed income, a guaranteed maturity lump sum and the potential for an investment upside, depending on share performance.
It can be used within an existing SIPP arrangement, but new SIPP investors will receive the plan pre-packaged and free of set-up and administration charges.
In addition, the rates offered are age and gender neutral and the plan comes with ‘Value Protection Plus' - a lump sum death benefit that pays out the initial investment less income or the market value of the investment at the point of death, whichever is higher.
Clients will also be allowed to leave the plan early due to ill health or if one of up to four financial dependants dies during the plan term.
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