Investment, protection and retirement specialist LV= has completed the next stage of the transition of assets to BlackRock.
In April 2023, BlackRock was appointed as LV’s primary asset manager to replace Columbia Threadneedle Investments. In this next phase, all existing Smoothed Managed Funds (SMF) and Flexible
Guarantee investments in US and Emerging Market Equities as well as a portion of the Asia Pacific ex Japan Equities, will be moved to BlackRock funds.
LV= members, customers and financial advisers will benefit from BlackRock’s industry leading technology and innovative approach to investing. Combined with LV’s active asset allocation strategy and its unique smoothing mechanism to substantially reduce market volatility, LV= will continue to seek good outcomes for our existing customers and develop future growth opportunities for SMF.
In September, the first phase of the transition successfully moved all new LV= SMF investments into BlackRock funds with exposures to US Equities, UK Equities, Asia Pacific ex Japan Equities and Emerging Markets Equities. The full transition of select LV= funds to BlackRock for management is due for completion in the first half of 2024.
“We’re delighted with the progress that we’ve made in reaching this next stage of the transition. Our work with BlackRock combines the specialist expertise of our in-house LV= team with BlackRock’s breadth of scale, innovative technology and premier fund selection.
“Our flagship range of Smoothed Managed Funds are built on two pillars: an exceptional investment engine across a range of diversified, multi-asset funds, and our unique smoothing mechanism, which aims to shelter members from sharp market shocks. Through the launch of our platform, LV= Platform Services, accessing our Smoothed Managed Funds is even easier, ensuring advisers can smooth volatility for their clients as part of a whole portfolio solution.
“Our longstanding mutual heritage means that our members trust us to deliver good outcomes, and we’re committed to helping them live financially confident lives. Balancing our unique strengths means we can continue to evolve and enhance our offering, giving resilient investment performance to our members in those key moments that matter.”
LV= is a leading financial mutual and serves over 1.16 million members with a range of financial products. 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.
LV= and Liverpool Victoria are registered trademarks of Liverpool Victoria Financial Services Limited (LVFS) and trading styles of the LV= Group of Companies. Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237 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.