LV= offers enhanced allocation on Flexible Guarantee Bond

28 March 2012 | Press release

Retirement specialist LV= today announces an extra allocation of up to 1.5% over the standard rate for clients who invest in its Flexible Guarantee Bond by 13 April 2012[1].

LV=’s Flexible Guarantee Bond consists of three 'ready made' fund options and clients can choose between a cautious, balanced or managed fund, with the ability to switch between them at anytime.

Clients who select either a cautious or balanced fund have the option to purchase a capital guarantee when they take out their bond, or at any time while their bond is invested in these funds. The guarantee can protect clients invested in these funds, by guaranteeing the value of the bond at the five year anniversary will not have fallen[2].

LV=’s guarantee can be started or replaced at anytime, with the guarantee applying for the five year period from then. Clients who invest in LV=’s Flexible Guarantee Bond are able to make regular or occasional withdrawals.

John Perks, LV= Managing Director, Retirement Solutions said: “LV=’s Flexible Guarantee Bond gives clients the opportunity to receive a higher return on cash over the longer term by investing in stocks and shares, tailoring the investment to suit their risk appetite but with the added peace of mind that the guarantee can be selected to protect from any market downturn."

“The combination of the enhanced allocation, investment flexibility and our guarantee makes LV=’s Flexible Guarantee Bond an even stronger offering in the market at a time when our customers really value this certainty.”

The extra allocation will automatically be included on all new illustration requests.

1)

The extra allocation for amounts invested includes any commission sacrifice uplift and applies across all ages. A pipeline period will apply up to and including 4 May for fully completed applications received with a valid pre sale illustration dated between 12 March and 13 April (inclusive).

2) LV= guarantees that the value of your bond on the fifth anniversary of adding the guarantee will be at least the same as the value of your bond on the date you added it, less any money taken out. The guarantee only applies on the fifth anniversary from the date you buy it. This guarantee is available on the Cautious Series 2 and Balanced Series 2 fund options.