LV= Smoothed Pension fund options

More information on our Smoothed Pension funds and the options available

Overview

Understanding how your investment is managed

Plant, toy, and a piggy bank

What the funds invest in

The range of funds are unit linked, multi-asset investments, each containing a mix of shares (equities), commercial property and fixed interest investments, such as corporate and government bonds.

The funds are 'with-profits', which means you'll get the benefit of the growth in the funds, as well as any additional with-profits member bonuses.

Who manages the funds

We manage the Smoothed Managed Funds in partnership with BlackRock, who are one of the world's largest fund managers.

We work together to maximise the funds' potential for growth while maintaining a consistent level of investment risk.

Responsible investing

Our top priority is to provide you with a fair return on your investment. But, we’re also committed to a philosophy of responsible investing.

Please remember the value of your investment could go down as well as up, so you could get back less than you paid.

You can read more about our approach here

LV= Smoothed Pension Fund Options

Choose from a range of fund options designed to suit different attitudes to risk

LV= Smoothed Managed Extra Cautious Fund

  • This fund option is designed to provide long-term steady growth together with a very low level of investment risk.
  • The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, property, cash and other related instruments.*
  • The fund aims to avoid sharp rises and falls by averaging the investment return over a rolling 26 week period. It builds up to this from day two of your investment.

*Fixed interest securities can include government bonds and corporate bonds. Equities refers to shares in companies. Other related instruments refers to different types of investments, often used for the purposes of efficient portfolio management, not covered in the previous definitions.

    LV= Smoothed Managed Cautious Fund

    • This fund option is designed to provide long-term steady growth together with a low level of investment risk.
    • The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, property, cash and other related instruments.*
    • The fund aims to avoid sharp rises and falls by averaging the investment return over a rolling 26 week period. It builds up to this from day two of your investment.

    *Fixed interest securities can include government bonds and corporate bonds. Equities refers to shares in companies. Other related instruments refers to different types of investments, often used for the purposes of efficient portfolio management, not covered in the previous definitions.

      LV= Smoothed Managed Balanced Fund

      • This fund option is designed to provide long-term moderate growth together with a low to medium level of investment risk.
      • The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, property, cash and other related instruments.*
      • The fund aims to avoid sharp rises and falls by averaging the investment return over a rolling 26 week period. It builds up to this from day two of your investment.

      *Fixed interest securities can include government bonds and corporate bonds. Equities refers to shares in companies. Other related instruments refers to different types of investments, often used for the purposes of efficient portfolio management, not covered in the previous definitions.

        LV= Smoothed Managed Growth Fund

        • This fund option is designed to provide long-term growth together with a medium level of investment risk.
        • The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, property, cash and other related instruments.*
        • The fund aims to avoid sharp rises and falls by averaging the investment return over a rolling 26 week period. It builds up to this from day two of your investment.

        *Fixed interest securities can include government bonds and corporate bonds. Equities refers to shares in companies. Other related instruments refers to different types of investments, often used for the purposes of efficient portfolio management, not covered in the previous definitions.

          LV= Smoothed Managed Growth Plus Fund

          • This fund option is designed to provide long-term steady growth together with a medium level of investment risk.
          • Within this objective we aim to invest in more sustainable assets in this fund.
          • The fund invests, either directly or indirectly, in a diversified portfolio of fixed interest securities, equities, property, cash and other related instruments.*
          • The fund aims to avoid sharp rises and falls by averaging the investment return over a rolling 26 week period. It builds up to this from day two of your investment.

          *Fixed interest securities can include government bonds and corporate bonds. Equities refers to shares in companies. Other related instruments refers to different types of investments, often used for the purposes of efficient portfolio management, not covered in the previous definitions.

            Optional Guarantee

            Protect your investment with an optional guarantee

            We know it’s vital to feel comfortable with your investment choices. That’s why when you invest in our Smoothed Managed Cautious Fund you have the option of buying a capital guarantee

            Hand holding a policy document with a green heart
            • If you invest in our Smoothed Managed Cautious Fund you can benefit from an optional 10-year capital guarantee. This can be purchased when you first invest, when further investments are made, or on the expiry of a previous guarantee.
            • This additional security can be particularly useful if you wish to preserve your investments and you're worried about market downturns.
            • Your guarantee means that at the end of the term, your fund's value will be at least the value on the start date minus any withdrawals, including any ongoing and ad-hoc adviser charges. Naturally, if your fund is worth more than the guaranteed amount you’ll get the extra as well.

            Understanding the asset mix of your fund

            We believe it is important to help you understand where your money is being invested. The table below outlines the target investment allocation for each asset type within the Smoothed Managed funds. Actual allocations will differ within a range permitted by our investment mandates.

            Asset class Extra Cautious Cautious Balanced Growth  Growth Plus
            Cash 4.5% 4.5% 2.0% 2.0% 2.0%
            Gilts 13.0% 13.0% 12.5%  8.5%  6.0% 
            US Treasuries 22.0% 20.5% 13.0% 8.0% 5.5%
            Index-Linked Gilts 1.0% 1.0% 1.0% 1.5% 1.5%
            Index-Linked US Treasuries 1.5% 2.0% 2.0% 2.5% 1.0%
            UK Corporate Bonds 3.0% 2.5% 2.0% 1.5% 1.0%
            Overseas Corporate Bonds 21.0% 18.0% 11.0% 7.5% 6.0%
            High Yield Bonds 8.5% 8.0% 6.0% 3.5% 1.5%
            Emerging Market Debt 1.0% 1.0% 1.0% 1.5% 1.0%
            UK Equities 2.0% 3.0% 5.5% 7.5% 9.0%
            US Equities 3.5% 6.5% 16.5% 24.0% 30.5%
            Europe ex UK Equities 6.0% 7.5% 10.0% 11.5% 13.5%
            Japan Equities 2.0% 2.5% 3.5% 3.5% 5.0%
            Asia Pacific ex Japan Equities 1.0% 1.5% 3.0% 3.5% 4.5%
            Emerging Market Equities 3.0% 3.5% 6.0% 6.5% 7.0%
            Property 7.0% 5.0% 5.0% 7.0% 5.0%
            Total 100% 100% 100% 100% 100%
            Asset class Extra Cautious Cautious Balanced Growth  Growth Plus
            Cash 4.5% 4.5% 2.0% 2.0% 2.0%
            Gilts 13.0% 13.0% 12.5%  8.5%  6.0% 
            US Treasuries 22.0% 20.5% 13.0% 8.0% 5.5%
            Index-Linked Gilts 1.0% 1.0% 1.0% 1.5% 1.5%
            Index-Linked US Treasuries 1.5% 2.0% 2.0% 2.5% 1.0%
            UK Corporate Bonds 3.0% 2.5% 2.0% 1.5% 1.0%
            Overseas Corporate Bonds 21.0% 18.0% 11.0% 7.5% 6.0%
            High Yield Bonds 8.5% 8.0% 6.0% 3.5% 1.5%
            Emerging Market Debt 1.0% 1.0% 1.0% 1.5% 1.0%
            UK Equities 2.0% 3.0% 5.5% 7.5% 9.0%
            US Equities 3.5% 6.5% 16.5% 24.0% 30.5%
            Europe ex UK Equities 6.0% 7.5% 10.0% 11.5% 13.5%
            Japan Equities 2.0% 2.5% 3.5% 3.5% 5.0%
            Asia Pacific ex Japan Equities 1.0% 1.5% 3.0% 3.5% 4.5%
            Emerging Market Equities 3.0% 3.5% 6.0% 6.5% 7.0%
            Property 7.0% 5.0% 5.0% 7.0% 5.0%
            Total 100% 100% 100% 100% 100%