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Catch up with the latest press releases from LV=

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LV= asset management launches four funds on Lighthousecapital programme

Press release: 14/08/2008


LV= Asset Management (LVAM), the fund management arm of mutual insurance and investment group LV=, has today announced the launch of four new OEIC sub-funds, which are being distributed through LighthouseCapital.

The funds will be managed by LVAM's Multi Manager & Fund Selection Team, headed by Tom Caddick. Lighthouse Group, one of the UK's largest independent financial advice and wealth management groups, will offer the funds to investors who are deemed to have mid-range risk profiles (specifically between 4 and 7) by Dynamic Planner, the psychometric risk profiling tool used by Lighthouse Group advisers as part of the LighthouseCapital initiative.

The TER* of the four funds at launch will be circa 1.8%.

Tom Caddick, Head of Multi Manager & Fund Selection comments:

"This is a very positive step forward for our broader retail asset management plans. We're pleased to be launching these funds with Lighthouse today and look forward to working closely with Lighthouse Group in the future".

Allan Rosengren, Joint Chief Executive of Lighthouse Group, said:

"These four funds will prove to be excellent additions to our advisers' product offering. We place a great deal of value on our independence and ability to offer clients choice so we look forward to working with LV= in their continued development of this area of their business."





*Total Expense Ratio (TER) - A measure designed to calculate the total running costs of a particular fund. Generally fund literature will detail an annual management charge (AMC), but this often does not include all of the administrative and other hidden costs. The TER includes both the AMC and any other costs associated with the fund.


LV= Asset Management (LVAM) is a wholly-owned subsidiary of Liverpool Victoria Friendly Society Limited., better known as LV=, the largest friendly society in the UK. LVAM manages around £8 billion of assets on behalf of LV= and a range of partner organisations.

LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and LV= is a trading style of the Liverpool Victoria group of companies. The new LV= brand identity was launched in March 2007.LV= employs over 2,000 people and serves more than 2.5 million customers and members. We are also the UK's largest friendly society (Association of Friendly Societies Year Book 2006/2007, Total Net Assets) and a leading mutual financial services provider. Liverpool Victoria Friendly Society Limited is authorised and regulated by the Financial Services Authority and entered on the Financial Services Authority Register No. 110035.LVFS is a member of the ABI, AMI, AFS and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.

Lighthouse Group is the largest autonomous provider of independent financial advice, wealth management and distribution of retail financial products in the UK, with in excess of £8 billion of funds under advice. The Group is cash generative, profitable and paid a maiden dividend in 2008. Lighthouse Group provides support to approximately 900 IFAs across the UK who, in turn, provide fully independent financial planning advice to both private and corporate clients via its operating divisions including LighthouseCarrwood, LighthouseTemple, Falcon Group, LighthouseXpress, FSAS and City Pensions.Based in major operational centres across Britain, the Company has grown through both organic growth and key strategic acquisitions since being admitted to AIM in October 2000.