Press release

New ISA broadens investor access to the range of LV= Smoothed Managed Funds

  • ISA investors can now benefit from the unique LV= smoothing mechanism
  • New ISA completes investor access to the LV= Smoothed Managed Funds alongside existing bond and pension products
  • ISA investors can choose from one of three global multi-asset risk-rated funds 
 

Financial services mutual LV= has today launched a new stocks and shares ISA, adding to its existing range of Smoothed Managed Funds. The funds, which have previously only been available through bond and pension products, reduce the impact of short-term market fluctuations for investors through the unique and proven LV= smoothing mechanism. 

Available only to advised clients, the new LV= ISA provides access for ISA investors to a choice of three global multi-asset funds – ISA Cautious, ISA Balanced and ISA Growth – which are risk-rated as 3, 4 and 5 respectively by leading market analysts Defaqto and Distribution Technology.  

The new LV= ISA has no minimum fixed term although it is designed to provide steady growth for a period of at least five years. The minimum initial payment is £10,000, the maximum investment subscription is £1million, and ISA holders will have access to their investment at any time subject to a minimum balance of £500. 

Clive Bolton, Managing Director, Life and Pensions at LV=, said: “Advisers and their clients have told us that they want to be able to access the range of LV= Smoothed Managed Funds through an ISA. We believe that the new LV= ISA not only meets that demand but, in conjunction with our bond and pension products, completes the ways investors can benefit from LV=’s unique smoothing mechanism. 

“Our new ISA is likely to suit clients looking for low volatility investments, for example, someone looking to consolidate their existing ISA holdings into a lower risk environment as they near or enter retirement. Or more generally we would expect the LV= ISA to appeal to a cautious investor looking for potential returns in excess of cash deposit rates.

“We are really pleased to add the new LV= ISA to our range of products – it is another step on our journey to being a truly adviser-led business that helps people protect their income while they work, and maximise their income when they retire.” 

The three global multi-asset funds – ISA Cautious, ISA Balanced and ISA Growth – are managed by Columbia Threadneedle Investments working in collaboration with the Investment Management Group at LV=.

For clients looking for capital preservation – perhaps looking to set aside part of their ISA investment to fund a particular life event – the ISA Cautious Fund also includes the option to purchase a 10-year capital guarantee. 

LV= ISA holders will also be eligible for LV= member benefits such as the recently extended Doctor Services with remote GP, remote psychotherapy and physiotherapy services and discounted Health MOTs. In addition, there is free access to counselling, legal and tax advice through the LV= Members Helpline*.

 

For further information please contact:

Ben Davies
Media Relations Manager – Life and Pensions
020 7634 4311
07768 997324
Candice South
Press Officer, Life & Pensions
0207 6344 497
07867 141 547

Notes to editors

About the LV= smoothing mechanism:

The LV= smoothing mechanism is unique in the market, and is based on a 26-week rolling averaging of the underlying fund price. It is easy to understand and simple for advisers to explain to their clients.
Investors start on the underlying price and then move to the averaged price after 6 months.
Whilst the smoothing doesn’t completely remove the full impact of volatility, it removes the day to day volatility of investing – and helps create a low volatility/low anxiety investor experience.

*LV= Doctor Services and LV= Member Benefits

 LV= Doctor Services and LV= Member Benefits are provided by third party companies. These services are not regulated by the Financial Conduct Authority or the Prudential Regulation Authority. LV= Doctors Services is provided by Square Health Limited. This is a non-contractual benefit and can be removed or changed at any time.
 

About LV=

LV= is a leading financial mutual and serves over 5.8 million customers 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 and brokers. 

Liverpool Victoria Friendly Society Limited, County Gates, Bournemouth BH1 2NF

LV= and Liverpool Victoria are trademarks of Liverpool Victoria Friendly Society Limited (LVFS) and trading styles of the LV= Group of Companies. LVFS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered number 110035. LVFS is the ISA Manager. Registered address: County Gates, Bournemouth BH1 2NF.