LV= Smoothed Managed Funds Pension charges

Understanding your LV= Smoothed Pension charges

Overview

Your LV= Smoothed Managed Funds Pension Charges

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Funds - Annual Management Charge

The Annual Management Charge (AMC) is 0.80% 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.

Read more about the LV= Smoothed Managed Pension fund options

Guarantee - Annual Terms and Charges

A guarantee is bought at an extra monthly cost and will be fully explained in your policy documents. 

  • 10-year term Guarantee Charge on the LV= Smoothed Managed Cautious Fund - 0.35%

All charges are regularly reviewed and may change from time to time. Your financial adviser will be happy to provide details of the current terms and charges.

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% 

Guarantee charges for existing investments in Flexible Guarantee Funds (all Series):

If you invested on or after 12 June 2014 you can choose from the following guarantee terms:

Yearly charge
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% 
Guarantees