Living Time becomes option for James Hay SIPP clients

Living Time has announced that its first trustee investment range product, the Personal Investment Plan (PIP), is now available to clients of James Hay, the UK’s largest SIPP provider.

Living Time’s Personal Investment Plan allows pension investors nearing or in retirement to enjoy the security of earning a guaranteed return for the agreed term, then to receive a guaranteed capital lump sum back into the SIPP for reinvestment.

“We are delighted the thousands of James Hay SIPP investors will also now have access to our PIP,” said Living Time marketing director Steve Lowe. “Volatile financial markets have meant many pension investors in the run up to retirement have endured a rollercoaster ride.

“The PIP is a modern, ‘sleep well at night’ asset class that has been designed to deliver either annuity-like guaranteed income or guaranteed capital growth, or alternatively a combination of the two, for the agreed term.

“The PIP has proved popular with retirees aged 50-plus with SIPPs who have been forced to reassess their attitude to risk and want the peace of mind of having a core asset class that provides a guaranteed level of return without any nasty investment return surprises.”

The Living Time Personal Investment Plan must run for a minimum of three years and mature before the SIPP investor reaches age 75 at which point a Guaranteed Maturity Amount lump sum is returned to the SIPP trustee.  Death benefits are built in to protect the account’s capital value in the event of premature death and the PIP can be tailored by Trustees to provide the optimum balance of income and capital growth.

Ends

Posted by: Stuart Wilson

Post date: Thursday July 22, 2010 @ 16:53

« Back