Overview
Your LV= Smoothed Managed Funds Pension Charges
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
Guarantees are bought at an extra monthly cost and are explained fully in your product documents. The guarantee charge is taken monthly, as 1/12 of the yearly charge stated in the table. Please remember that these charges can be changed at any time.