LV= Flexible Transitions Account gets 5 star rating from Defaqto

The recently launched LV= Flexible Transitions Account, which offers people a wide range of pension investment options and choices to suit their individual needs, has received the top 5 Star Rating from Defaqto.

Matt Ward, Consultant at Defaqto, said: "The arrival of SIPPs in the mainstream pensions market has encouraged all types of providers, particularly insurance companies, to appraise the merits of their product proposition. The LV= Flexible Transitions Account provides a strong example of the new breed of hybrid SIPP solutions in the market which successfully bring together the best of the personal pension and SIPP worlds. The Flexible Transitions Account can form a suitable solution for financial advisers and their clients across a range of individual pension product types and a range of investment decision making approaches."

Key strengths of the LV= Flexible Transitions Account include:

Its straightforward, clear charging structure.

The access to a variety of investment options to suit differing client needs, including investing directly into LV= Asset Management highly rated funds and bespoke Discretionary Managers.

Online valuations, so customers can see exactly how much their Flexible Transitions account is worth.

In addition, LV= is waiving its annual service charge until October 2009 for all accounts completed between 1 March 2009 and 30 September 2009. A customer who invested £200,000 during March, for example, could have saved £525.

Ray Chinn, LV= Head of Pensions said: "We are always working to improve our products and services based on the needs of advisers and customers alike. The Flexible Transitions Account is another significant step forward for us, and so the independent external recognition from Defaqto at the highest level is extremely welcome. We set out to introduce a one-stop pensions solution, with clear and affordable charges throughout the life of the plan, and the ability to choose investment elements relevant to their needs and outlook, and these elements are exactly what have been recognised by our 5 Star Rating from Defaqto."

For more information about the LV= Flexible Transitions Account visit lvadviser.co.uk