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LV= launches post budget 'retirement hopscotch' advice aid

15 January 2015 | Press release

Retirement specialist LV= is launching an updated version of its advice aid, ‘Retirement Hopscotch’ to reflect the pension reforms that were announced in the Budget. Retirement Hopscotch is an online tool designed to help advisers discuss the retirement income options available with their clients.

LV= Retirement Hopscotch now takes into account how overall income impacts a client’s tax position. In addition, the drawdown options on the Hopscotch grid have been revised to include ‘Managed Drawdown’ and ‘Full and Partial Drawdown’. The tool also highlights the fact that disclosed medical conditions will never reduce the income payable.

The tool includes information that advisers should consider when discussing how clients structure their retirement income and covers important issues such as health and tax and potential risks such as inflation, longevity, and change of circumstances. Once certain criteria have been established the interactive tool details the various income options clients should consider.

Hopscotch is now available on Android and web platforms, alongside the existing iTunes app.

John Perks, LV= Managing Director, Retirement Solutions said: “Those approaching retirement now have even more options as to how they manage their pension. Most retirees will need help navigating the new retirement income landscape and Hopscotch enables advisers to effectively showcase the retirement propositions available in the market. Clients can then structure their income in a way that best suits their retirement needs.

“We remain committed to working with advisers and have created this tool to help them demonstrate the value of advice at retirement.”

Alan Lakey, Partner at Highclere Financial Services said: “This is clearly a very useful way of showing clients the options available and whittling down the options until one fits.”

Find out more about retirement hopscotch

Liverpool Victoria Financial Services Limited, registered in England with registration number 12383237. County Gates, Bournemouth, BH1 2NF, UK