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Catch up with the latest press releases from LV=

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LV= adds discretionary fund manager to SIPP

Press release: 21/05/2012

Retirement specialist LV= has added fund manager Charles Stanley to its discretionary fund management service for SIPP clients. This brings the total number of discretionary fund managers available on its platform to six.

Charles Stanley offers investment choices in direct equities, fixed interest stocks and collectives and clients' portfolios are centrally managed.

LV= clients who invest using a Charles Stanley discretionary fund manager will pay an annual fee of 0.75% and will not be subject to transaction fees [1]. Total expense ratios (TER) will be around 1.3%.

Ray Chinn, LV= Head of Pensions said: "We regularly review the investment options available via our SIPP, including the discretionary fund managers available on our panel, in line with market and adviser feedback. Charles Stanley's offering is extremely strong and fits well with the requirements of our clients. We have recently enhanced our proposition with the launch of a low cost SIPP which has seen business levels increase recently; and we are confident that our link with Charles Stanley is another step in ensuring we offer compelling propositions for advisers and their clients."

Andrew Clotworthy, Charles Stanley Director of Intermediary Sales said: "Charles Stanley is delighted to be on LV='s SIPP platform. Charles Stanley is committed to bespoke discretionary management and we are pleased to offer competitive charges to clients of LV=.

"With the advent of flexible drawdown, the need for a bespoke solution has never been more important to ensure clients are not shoehorned into a 'one-size fits all' offering, and we look forward to working closely with LV= and advisers to offer a robust investment proposal to the individual, designed around their needs and risk profile."

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



Note to editors

[1] The waived transaction charge and 0.75% annual fee is unique to LV=.


About LV=

LV= employs over 5000 people and serves around 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 trades unions.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF. www.LV.com.