One of the best known figures in UK investment, Justin Urquhart Stewart, is to take on a new ambassadorial role at 7IM, the company he co-founded, as he retires and steps down from his full-time position with the firm.

Seven Investment Management has added a tailored drawdown option for its SIPP which it says will allow advisers “more flexibility” when managing the quantity and frequency of a client’s drawdown payments.

Seven Investment Management (7IM) has appointed Chris Phillips as its chief client officer.

7IM boosted assets and profits according to its latest results, for the year ended 31 December.