Overview
Smoothed Managed Funds Trustee Investment Plan (LV= TIP)
The LV= TIP is a plan which invests in our Smoothed Managed Funds. It allows you access to our funds as part of your investment strategy in Self-invested Personal Pensions (SIPP) or Small Self-administered Schemes (SSAS).
The LV= TIP is a plan taken out by scheme trustees for the benefit of a designated scheme member.
The funds are 'with-profit' investments, which means you'll get the benefit of the growth in the funds, as well as any additional with-profits member bonuses.
It’s a stock market-related investment, available to UK residents up to and including the age of 84 at outset.
Our Smoothed funds are also available through the LV= SIPP. Please speak to your financial adviser to find out more.
Our investments come with 100% protection from the Financial Services Compensation Scheme (FSCS). In the unlikely event Liverpool Victoria Financial Services failed and we defaulted on our obligations, you may be eligible to make a claim.
Please remember this is a stock-market related investment. Your investment could go down as well as up, so you could get back less than you paid in. For advice please speak to your financial adviser.
Smoothing
How does our smoothing process work?
The simple and transparent smoothing process used on our LV= TIP averages daily fund prices over the past 26 weeks to help protect your investments from the impact of market shocks.
The LV= TIP uses smoothing, an averaging method designed to level out the peaks and troughs of the stock market.
When you invest in our smoothed funds, you'll begin to experience the benefits of smoothing from day two of your investment.
Our smoothing process builds up to a 26-week average by cumulatively averaging the daily fund prices (underlying prices) over the time you've been invested.
Once you've invested for longer than 26 weeks, your fund value will be a rolling average of the previous 26 weeks of underlying prices.
Features
The LV= TIP lets you...
Make regular and ad-hoc withdrawals.
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 TIP Cautious Fund you have the option of buying a capital guarantee.
- If you invest in our Smoothed Managed TIP 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, ongoing and ad-hoc adviser charges. Naturally, if your fund is worth more than the guaranteed amount you’ll get the extra as well.
Important Information
Investing money can be rewarding, but it comes with some risks. Here’s what you need to know:
- It’s a stock market-related investment, available to UK residents up to and including the age of 84 at outset.
- Your investment could go down as well as up, so you could get back less than you paid in.
- Our smoothing process helps protect your investment, but it won't prevent your investment from dropping in value.
- Smoothing can be suspended if there are extreme market conditions, or at our discretion.
- There are costs involved in setting up and looking after your LV= TIP, you can read more about the charges.
- If you withdraw more money than your LV= TIP has grown by, the value will be less than you’ve put in.
- If you invest in the Smoothed Managed TIP Cautious Fund and select the optional 10-year guarantee, please be aware of the associated terms and charges.
- There’s no minimum or fixed term. But this is a medium to long-term investment of at least five years – preferably 10 years or more.
Documents
Important documents, specifically created for you
We've produced some helpful documents to give you even more information about the LV= TIP.
Next Steps
Getting the most from your money
To help you get the most from your money, you can speak to a financial adviser. If you don’t have a financial adviser you can find one near to you on www.unbiased.co.uk, or you can have a chat with one of our investment advice specialists.
