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Catch up with the latest press releases from LV=

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LV= boosts Flexible Transitions Account with new funds

Press release: 13/04/2012

Retirement specialist LV= today announces that it has added seven new funds (three from Fidelity and four from Threadneedle) to those available through its Flexible Transitions Account, in response to adviser demand. The seven new funds join the 133 existing insured funds available from LV=.

The new funds are:

  • Fidelity Multi Asset Allocator Balanced

  • Fidelity Multi Asset Allocator Defensive

  • Fidelity Multi Asset Allocator Growth

  • Threadneedle Global Equity Income

  • Threadneedle UK Equity Income

  • Threadneedle European Select

  • Threadneedle Defensive Equity & Bond

Ray Chinn, LV= Head of Pensions said: "LV= has added these funds as we continue to broaden the investment choice available for advisers and their clients. The multi asset funds are particularly relevant additions as advisers and their clients look for low cost investment solutions with exposure to a wide range of asset classes."

"The addition of the Threadneedle income funds allows us to build on and strengthen our offering in this increasingly popular area. The natural dividend income can be particularly attractive to those using income drawdown as an alternative to annuity purchase."

All of the funds are available via the recently launched low cost personal pensions element of the Flexible Transitions Account and are net priced, bringing greater transparency and making the proposition RDR friendly. With total expense ratios on the Fidelity Funds at just 0.57% p.a. and the low cost LV= wrapper charge of just 0.25% p.a. these provides an extremely cost effective solution for pension investors.

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


Notes to editors:

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.