LV= to accept protected rights into SIPP product

Retirement specialist LV= has announced that it will be able to accept Protected Rights transfers into its SIPP with effect from 1st October 2008, following the new regulation announced in July 2008.

The move by the life and pensions provider allows customers to benefit from enhanced investment choices. Not only can customers gain by investing in LV='s Defaqto five star rated Discretionary Managed SIPP, but they can also take advantage of the 15 new external fund links to the LV= pensions platform.

In addition, financial advisers can utilise the recently launched PensionsQ fund analysis support and the Retirement Planner Investment Modelling Tool - both designed to help advisers with their investment decisions.

Ray Chinn, Head of Pensions at LV= said: "We are delighted to be able to offer financial advisers and their clients the opportunity to hold pension funds under one SIPP and self-invest both protected and non-protected rights. For many this will considerably simplify the way in which they can invest and manage their pension funds."