LV= boosts personal pension with fund additions
Retirement specialist LV= has announced that it has added seven new funds (three from Fidelity and four from Threadneedle) to those available through its Flexible Transitions Account, in response to adviser demand.
The seven new fund links join the 133 existing insured funds available from LV=.
The new funds are:
Fidelity Multi Asset Allocator Balanced
Fidelity Multi Asset Allocator Defensive
Fidelity Multi Asset Allocator Growth
Threadneedle Global Equity Income
Threadneedle UK Equity Alpha Income
Threadneedle European Select
Threadneedle Defensive Equity & Bond
Ray Chinn, LV= Head of Pensions said: "LV= has added these funds as we continue to broaden the investment choice available for advisers and their clients. The multi asset funds are particularly relevant additions as advisers and their clients look for low cost investment solutions with exposure to a wide range of asset classes.
"The addition of the Threadneedle income funds has allowed us to build on and strengthen our offering in this increasingly popular area. The natural dividend income can be particularly attractive to those using income drawdown as an alternative to annuity purchase."
All of the funds will be available via the recently launched low cost personal pensions element of the Flexible Transitions Account and be ‘net priced' bringing greater transparency and making the proposition ‘RDR friendly'. With TERs on the Fidelity Funds at just 0.57% p.a. and the low cost LV= wrapper charge of just 0.25% p.a. this provides an extremely cost effective solution for pension investors.
For further details on the LV= range of retirement solutions go to LV.com/adviser.