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With-Profits Funds Information

A comprehensive guide to LV= with profits fund management and performance reports.

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Asset allocation (spread of investment)

We want to make it transparent to our policy holders about where their money is being invested. This page looks at the spread of investment and the break down of the share of our with-profits fund. It also shows the target asset mix and the permitted range for each asset type.

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The spread of investments in the main with-profits fund

This is the spread of investments in the main Liverpool Victoria Friendly Society with-profits fund.

The following table shows the asset mix for policies invested in the main with-profits fund as at 31 December 2003 - 2017.

Assets

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

Equities

50%

50%

48%

50%

51%

49%

49%

56%

59%

56%

60%

62%

65%

62%

62%

Property

9%

9%

11%

9%

8%

8%

8%

13%

15%

16%

15%

15%

15%

15%

15%

Fixed Interest

37%

37%

38%

40%

39%

41%

40%

30%

22%

25%

20%

18%

17%

18%

20%

Cash/Other

4%

4%

3%

1%

2%

2%

3%

1%

4%

3%

5%

5%

3%

5%

3%

The spread of investments as at 31 March 2018, in the main With-Profits Fund

The following table shows the spread of investment in the main Liverpool Victoria Friendly Society Limited with-profits fund, as at 31 March 2018.

Assets

%

UK Equities

28.1%

US Equities

6.2%

European Equities

3.0%

Japanese Equities

2.0%

Asia Pacific Equities

1.2%

Emerging Market Equities

2.4%

UK Gilts

25.3%

Corporate Bonds (Investment Grade)

7.6%

Corporate Bonds (High yield)

4.5%

Property

8.8%

Alternative Assets

2.1%

Dynamic Real Return

5.1%

Cash/Other

3.7%

The table below shows the target asset mix and the permitted range for each asset type.

Assets

Benchmark

Permitted Range

UK Equities

28.00%

25.00% to 30.00%

US Equities

7.00%

4.50% to 8.50%

European Equities

2.50%

0.00% to 3.00%

Japanese Equities

1.00%

0.00% to 2.00%

Asia Pacific Equities

0.75%

0.00% to 1.25%

Emerging Market Equities

1.75%

0.00% to 2.50%

UK Gilts

26.00%

10.00% to 40.00%

Corporate Bonds

9.00%

0.00% to 12.00%

Corporate Bonds (High yield)

4.00%

3.50% to 4.50%

Property

9.00%

N/A

Alternative Assets

3.00%

N/A

Dynamic Real Return

5.00%

4.9% to 5.10%

Cash/Other

3.00%

0.50% to 20.00%

Where

Total Equities, Property and Alternative Assets

58.00%

50.00% to 60.00%

The spread of investments for the LV= With-Profits Income Bond

The following table shows the asset mix for our With-Profits Income Bond as at 31 March 2018. The target asset mix is the same.

Assets

%

UK Equities

24.3%

Overseas Equities

5.7%

Corporate Bonds (Investment Grade)

25.0%

Corporate Bonds (High Yield)

5.0%

Property

40.0%

The spread of investments for the LV= All-In-1 Investment Bond

The following table shows the asset mix for each of the options available within the All-In-1 Investment Bond, as at 31 March 2018.

Assets

Balanced

Cautious

Growth

Equities

33.0%

9.9%

80.5%

Fixed Interest (Gilts + Cash)

20.7%

79.5%

3.4%

Corporate Bonds (Investment Grade)

4.7%

0.0%

0.6%

Corporate Bonds (High Yield)

3.4%

0.0%

1.0%

Property

34.5%

9.5%

9.5%

Dynamic Real Return

3.7%

1.1%

5.0%

The tables below show the target asset mix and the permitted range for each asset type in the three fund options.

Balanced Fund

Assets

Benchmark

Permitted Range

Equities

31.20%

20.00% to 45.00%

Fixed Interest (Gilts + Cash)

20.70%

10.70% to 40.00%

Corporate Bonds (Investment Grade)

6.40%

0.00% to 20.00%

Corporate Bonds (High Yield)

2.90%

0.00% to 20.00%

Property

35.00%

25.00% to 45.00%

Dynamic Real Return

3.80%

0.00% to 5.00%

Cautious Fund

Assets

Benchmark

Permitted Range

Equities

8.90%

0.00% to 20.00%

Fixed Interest (Gilts + Cash)

80.00%

60.00% to 100.00%

Corporate Bonds (Investment Grade)

0.00%

0.00% to 00.00%

Corporate Bonds (High Yield)

0.00%

0.00% to 00.00%

Property

10.00%

0.00% to 20.00%

Dynamic Real Return

1.10%

0.00% to 5.00%

Growth Fund

Assets

Benchmark

Permitted Range

Equities

80.00%

55.00% to 90.00%

Fixed Interest (Gilts + Cash)

3.40%

0.00% to 20.00%

Corporate Bonds (Investment Grade)

1.10%

0.00% to 20.00%

Corporate Bonds (High Yield)

0.50%

0.00% to 20.00%

Property

10.00%

0.00% to 20.00%

Dynamic Real Return

5.00%

0.00% to 5.00%

The spread of investments for the LV= Flexible Guarantee Funds

The following table shows the asset mix for each of the options available within the Flexible Guarantee Bond and Flexible Guarantee Funds, as at 31 March 2018.

Assets

Balanced Series 2

Cautious Series 2

Managed Growth

UK Equities

21.0%

11.9%

30.7%

Overseas Equities

17.0%

10.7%

22.7%

Property

15.6%

10.7%

15.4%

UK Gilts

17.7%

25.8%

11.7%

UK Corporate Bonds

27.1%

39.1%

18.2%

Cash/Other

1.6%

1.8%

1.3%

The tables below show the target asset mix and the permitted range for each asset type in the three fund options.

Balanced Series 2

Assets

Benchmark

Permitted Range

UK Equities

21.0%

17.0% to 23.0%

Overseas Equities

14.0%

4% to 23%

Property

15.0%

10.0% to 18.0%

UK Gilts

19.0%

10.0% to 50.0%

UK Corporate Bonds

29.0%

0.0% to 32.0%

Cash/Other

2.0%

0.5% to 10.0%

Where

Total Equities and Property

50.0%

35.0% to 55.0%

Cautious Series 2

Assets

Benchmark

Permitted Range

UK Equities

12.0%

8.0% to 16.0%

Overseas Equities

8.0%

2.0% to 14.5%

Property

10.0%

5.0% to 14.0%

UK Gilts

27.0%

10.0% to 60.0%

UK Corporate Bonds

41.0%

0.0% to 45.0%

Cash/Other

2.0%

0.5% to 10.0%

Where

Total Equities and Property

30.0%

15.0% to 35.0%

Managed Growth Series 2

Assets

Benchmark

Permitted Range

UK Equities

30.0%

26.0% to 33.0%

Overseas Equities

20.0%

7.0% to 30.0%

Property

15.0%

10.0% to 18.0%

UK Gilts

13.0%

8.0% to 38.0%

UK Corporate Bonds

20.0%

0.0% to 24.0%

Cash/Other

2.0%

0.5% to 10.0%

Where

Total Equities and Property

65.0%

50.0% to 70.0%

You can contact us

You can contact our UK based team for more information:

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LifeServicing@LV.com

Please remember to include your policy number.

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