LV= uses cookies to give you the best experience online and to provide anonymised, aggregated site usage data. You can find out what cookies we use and how you can disable them in our Cookie Policy. By continuing to use our website, you agree to our use of cookies in accordance with our cookie policy unless you have disabled them.

skip to main content

Read our latest and older news articles here


Back to News Articles

LV= on the Government proposal to allow pensioners to sell their annuities

16 March 2015 | Press release

John Perks, Managing Director of LV= Retirement Solutions says:

“LV= is supportive of the proposal, although it will not be an easy thing to do and we need to be mindful of the possible dangers for customers. Cashing in and spending an already poor value annuity will only worsen an existing problem. Likewise cashing in a good value annuity could also cause customer detriment. However, as part of the pension freedoms, it makes sense that all retirees should have the opportunity to achieve a better income outcome. We believe we can do more to understand the potential risks and benefits here, which is why we have offered to work with the Government to help test the market, prior to determining the best longer term solution.”

LV=, County Gates, Bournemouth, BH1 2NF, UK