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LV= Retirement Wizard logo

Online advice at a discounted fixed cost for LV= pension scheme members

LV= Retirement Wizard's online advice service

If you’re thinking about retiring soon and would like access to personalised, expert advice to help you find the best retirement options to suit your needs, why not try LV= Retirement Wizard's online advice service.

LV= Retirement Wizard is available to you if you're within three months of wanting to access your pension and have a pot size of up to £150,000. Also, if you're looking for specific product recommendations, you'll have access to a panel of market leading annuity providers and a range of pension products from LV=.

Computer screen with LV= Retirement Wizard

As an LV= pension scheme member you'll receive the personalised advice report, plus telephone support from professional, UK-based financial advisers for a specially discounted fixed cost of only £49 (usually £199).

How does online advice work?

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1. Fact find

We’ll ask you questions about your finances and objectives in retirement.

Blue icon showing a report style booklet
2. Report

A report based on your answers will recommend actions you should take.

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3. Implement

You can either use our panel of leading providers or shop around yourself.

Product-set up

If you're happy with the recommendations, LV= can help you take care of the whole product set-up process for an additional discounted cost of only £399 (usually £499).

If you choose to shop around yourself, you'll need to find an Independent Financial Adviser to implement this for you.

Online advice isn't for you if you're...

  • A Non-UK resident or have joint UK/US citizenship
  • Using a pension pot of over £150,000
  • Not looking to take any pension benefits within 3 months
  • Looking for help with your final salary or money purchase occupational scheme
  • Wanting advice on a pension pot held in a Non-UK registered Pension scheme
  • Using a pension pot with any form of Regulatory Protection (Primary, Enhanced, Fixed or Individual)
  • Including a pension pot with a pension sharing /earmarking order as a result of a divorce settlement

What information do I need to hand?

Here is a list of key things we'll be asking you about:

  • State pension details, including for your partner or spouse if applicable
  • Details of all of your pension schemes, which you'll need to add individually
  • Personal finance details including: income from all sources, debts, investments including mortgage details and house value if applicable
  • An idea of essential monthly expenditure and future lump sum requirements (a budget calculator is available to help you with your calculations)
  • Health and lifestyle details including dates of diagnoses of any conditions and medication taken

For pot sizes of over £150,000

If you're pot size is worth over £150,000, you can speak to one of our UK-based professional advisers. The cost of this advice will be disclosed by the adviser.

Speak directly to a professional LV= adviser

0800 022 3861

TextDirect: 18001 0800 022 3861

Lines open 8.30am - 6pm Monday to Friday

We may record or monitor calls for training and audit purposes.

Staff really friendly and put you at ease from the start.

Marina, 18.05.16