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BlackRock funds added to LV= SIPP

Press release: 02/07/2013

Retirement specialist LV= has added five new BlackRock Consensus Funds to its Flexible Transitions Account personal pension proposition. The five new funds, added in response to adviser demand, join the 172 existing insured funds available from LV=.

The new funds are:

  • BlackRock Consensus 35
  • BlackRock Consensus 60
  • BlackRock Consensus 70
  • BlackRock Consensus 85
  • BlackRock Consensus 100
  • Ray Chinn, LV= Head of Pensions said: “We have seen adviser demand for low cost investment solutions through our personal pension grow dramatically in the run up to RDR and beyond. With this in mind, the BlackRock Consensus Funds are a natural fit for us.


    “We regularly review our fund offerings and adding these BlackRock funds further broadens the investment choice already available through our Flexible Transitions Account. Advisers and their clients can now choose from pure index tracking funds, through to blended and risk rated; and all the way to actively managed solutions. “As with all our funds these can be used in their own right or in combination with other funds in our range in accordance to a client’s risk appetite again the Consensus Funds feature strongly here with their independent risk ratings.”


    Tony Stenning, Head of UK Retail at BlackRock, said: “We are excited to build upon our existing relationship with LV=. The five risk-targeted Consensus Funds were developed, with RDR in mind, to help clients create diverse, flexible and simple cost-effective investment solutions providing full access to BlackRock’s experience and expertise.


    “In today’s new world of investing, advisers are increasingly seeking solutions which can be easily classified from a risk-return perspective. BlackRock Consensus Funds allow advisers to implement strategies for their clients quickly and efficiently. In addition to their simplicity, they cater for a variety of risk appetites, allowing investors to switch exposures between the different funds. In essence, the funds truly support an outcome-driven conversation with investors”. The total expense ratio on the BlackRock Consensus Funds ranges from between 0.23% and 0.25% (see table below). All of the funds are available via the low cost personal pension element of LV=’s Flexible Transitions Account and are fully transparent in terms of charges.

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Fund name

Investment Management Charge

Additional expenses

TERs

BlackRock Consensus 35

0.20%

0.04%

0.24%

BlackRock Consensus 60

0.20%

0.05%

0.25%

BlackRock Consensus 70

0.20%

0.04%

0.24%

BlackRock Consensus 85

0.20%

0.03%

0.23%

BlackRock Consensus 100

0.20%

0.04%

0.24%

For further details on the LV= range of retirement solutions go to www.LV.com/adviser.

Notes to editors:

About LV=
LV= employs 5700 people and serves over five million customers with a range of financial products. We are the UK’s largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trade unions.

LV= is a registered trade mark of Liverpool Victoria Friendly Society (LVFS) and a trading style of the Liverpool Victoria group of companies, LVFS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, register number 110035.. Registered address: County Gates, Bournemouth BH1 2NF.

About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2013, BlackRock’s AUM was $3.936 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of March 31, 2013, the firm has approximately 10,600 employees in 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com.