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We’re delighted to announce we’ll be offering a self-invested personal pension (SIPP), providing access to Direct Lending and offering all the benefits of the asset class, from adding diversification and smoothing volatility to increasing returns.
We’re offering the SIPP via a white-label solution from Morgan Lloyd, the established SSAS and SIPP provider. The SIPP will be available via Goji’s online platform and advisers will be able to choose to transfer funds from their clients’ existing SIPP provider or invest new funds. It will allow advisers to add value to their clients by incorporating risk managed, alternative investment products in a SIPP at a low cost.
Our CEO, Jake Wombwell-Povey, says: “We understand that Direct Lending is a relatively new asset class, but it’s one we believe presents new opportunities for advisers and their clients. We have found that other lower-risk SIPP investments tend to be more concentrated and less diversified, offering lesser returns. What we offer at Goji is simple to set up and administer and will help investors achieve steady, diversified income streams without excessive additional cost.”
The Goji SIPP offers flexibility that matches an investor’s lifecycle; those in accumulation can opt to reinvest all income; those who need supplemental income can opt to have interest payments paid out, whilst those seeking to withdraw funds can opt to have an element of capital and interest paid out to them.
Our Direct Lending Bonds, which help finance critical sectors such as SMEs and education, and its Renewables Lending Bonds, which invest in loans to UK projects in solar, wind and anaerobic digestion, are both available in a Goji SIPP. Investors can be confident their pension is having a positive impact on society supporting UK SMEs and jobs, or renewable energy generation.
This launch comes shortly after we received direct authorisation from the UK regulator, the Financial Conduct Authority (FCA), highlighting our commitment to compliance and transparency. it also further strengthens our aim to open up the Direct Lending market to advice, both in terms of the range of tax-efficient options we now provide (ISA and SIPP) but also in terms of regulation.