LV= Smoothed Managed Funds Bond

Important information about your LV= Smoothed Managed Funds Bond

As we move towards building a secure and long term mutual future, we will be making some enhancements to the LV= Smoothed Managed Funds range.

refer a friend flourish
From 23 May 2022, your Smoothed Managed Funds Bond will be converted to a unitised with-profits investment. By converting the fund to with-profits, you’ll be eligible to benefit from a mutual bonus and participate in the future profits of LV=. This will be added to your bond when LV= declares that a mutual bonus is payable.
Nothing else about your Bond is changing as a result of this conversion to with-profits. It will remain invested in the same fund, with the same asset allocation, the same smoothing process and the same charges. You should be aware, however, that any mutual bonus amounts added to your Bond in future will not be guaranteed, and can be withdrawn in extreme market conditions. For more information on our mutual bonus, please see our FAQs. In the unlikely event that you don’t want your Bond to convert to with-profits you always have the option, of course, of surrendering your Smoothed Managed Funds Bond.

IMPORTANT INFORMATION

An increased range of investment options

We will also be enhancing your Bond by increasing the range of investment options available to you.

investment graph laptop flourish

Two new funds will be added to the Smoothed Managed Funds range:

  • LV= Smoothed Managed Extra Cautious
  • LV= Smoothed Managed Impact Growth
For more information about these new funds, and whether they may be suitable for you, please contact your financial adviser. There is no action you need to take to benefit from these product enhancements. Both the conversion of your Bond to with-profits, and adding the new fund options, will be done automatically.
Mon to Thu - 8am - 8pm Fri 8am - 6pm
You can call us on 0800 032 2990 and we will be happy to help you. For textphone, please dial 18001 first. Please note your call will be recorded and may be monitored for training and audit purposes.

Questions and answers

Is there a downside to my policy being converted to with-profits?
When might I first become eligible for a Mutual Bonus?
How will LV= calculate the Mutual Bonus?
How will I know that I’ve received a Mutual Bonus?
Once you've declared a mutual bonus, can you ever take it away?
Why is LV= converting my policy to with-profits?
Will my charges increase as a result of the conversion?
If I become a with-profits policyholder, does that carry any additional risk to me if LV= ever found itself in the position where it couldn’t meet its financial obligations?
What happens if I don’t want to have my policy converted to with-profits?
Where can I find out more information about LV= with-profits?

Useful Documents

You should read the following documents on our Smoothed Managed Funds Bond

You should read the following for more information about the enhancements we are making. The information in these documents shouldn't be considered as advice. If you're unsure, you should speak to a financial adviser.