LV= Smoothed Bond charges
Understand your investment bond guarantee charges
LV= Smoothed Bond investments
If you already have a LV= Smoothed Bond with a guarantee, the charge for this will be shown in your product documentation or yearly statement.
- If you‘re thinking of investing in a Smoothed Managed Funds Bond Series 1 and purchasing a new guarantee, or you already have a bond and your current guarantee term is ending soon, the tables below show the current charges for new guarantees.
- The guarantee choices available to you will depend on the date your bond started.
- The charges for buying a new guarantee can change at any time, but once you've bought a guarantee its charge will not change during the guarantee term.
- Guarantees are bought at an extra monthly cost and are explained fully within the product documentation.
Annual Management Charge (AMC)
The Annual Management Charge (AMC) is 0.75% of the funds' value across all of our fund options. The charge is taken monthly as 1/12 of the annual charge by cancelling units.
Fund size - Annual Management Charge discount
Depending on the size of your investment a discount will be applied to the annual charge as shown below.
| Fund value (including mutual bonus)* |
Fund size discount |
| £0 up to £99,999.99 | 0.00% |
| £100,000 up to £149,999.99 | 0.05% |
| £150,000 up to £249,999.99 | 0.10% |
| £250,000+ | 0.15% |
| Fund value (including mutual bonus)* |
Fund size discount |
| £0 up to £99,999.99 | 0.00% |
| £100,000 up to £149,999.99 | 0.05% |
| £150,000 up to £249,999.99 | 0.10% |
| £250,000+ | 0.15% |
Smoothed Managed Funds Bond Series 1
If you invested in June 2021, or after and your Bond Conditions reference is LV=SMB (03/22) the following guarantee option is available:
| Fund | 10 year |
|---|---|
| Smoothed Managed Cautious | 0.35% |
| Fund | 10 year |
|---|---|
| Smoothed Managed Cautious | 0.35% |
Guarantee charges for existing investments in Flexible Guarantee Bond (all Series):
Flexible Guarantee Bond Series 3/ Flexible Guarantee Bond Series 2/ Flexible Guarantee Bond Series 1 with a start date between 20 August 2012 to 17 August 2014
If you invested on or after 20 August 2012 and your Bond Conditions reference is FGB2(1), FGB2(2), FGB3 or FGB(S3)1 you can choose from the following guarantee terms:
| Fund | 10 year |
|---|---|
| Cautious Series 2 | 0.35% |
| Balanced Series 2 | 0.50% |
| Managed Growth | 0.65% |
| Fund | 10 year |
|---|---|
| Cautious Series 2 | 0.35% |
| Balanced Series 2 | 0.50% |
| Managed Growth | 0.65% |
Flexible Guarantee Bond Series 1 with a start date between 18 August 2009 to 17 August 2012
If you invested between 18 August 2009 and 17 August 2012 and your bond conditions have the reference FGB1 and FGB2, then you can choose from the following guarantee terms:
| Fund | Guarantee (yrs) | Charge |
|---|---|---|
| Cautious Series 2 | 5 | 0.60% |
| Balanced Series 2 | 5 | 0.75% |
| Managed Growth* | 5 | 0.90% |
| Fund | Guarantee (yrs) | Charge |
|---|---|---|
| Cautious Series 2 | 5 | 0.60% |
| Balanced Series 2 | 5 | 0.75% |
| Managed Growth* | 5 | 0.90% |
*The guarantee is only available on this fund option if you invested in your bond up to and including 6 August 2010. It isn’t available if you invested between 9 August 2010 and 17 August 2012 (with Bond Conditions reference FGB2).
