LV= reprices Balanced Consensus Fund

Pensions and investment specialist LV= has repriced its Balanced Consensus Fund from 25bps to 13bps, to help make the ‘default' offering on the various research comparison systems (for example Pensions Profiler and Selectapension) even more competitive for IFAs. The fund is available on the LV= pensions platform.

LV= has also enhanced the number of funds available through its pensions range, by adding six further funds to its platform, all of which are PensionQTM accredited.

The Balanced Consensus Fund is a passive balanced managed fund (excluding property), investing in a range of State Street Global Advisors trackers. Its performance objective is to track the CAPS Median Fund ex Property Index with a tracking error of not more than 50bps and the reprice is effective immediately. The six additional new funds on the LV= pensions platform are:

Fidelity Southeast Asia - focused on mid-to-large capitalisation companies, favouring high-quality stocks, with a relatively low risk of financial and business problems

Jupiter European Special Situations - exploits special situations principally in European equities considered by the manager to be undervalued

Jupiter North American Income - invests primarily in North American blue chip companies
M&G Optimal Income - fund Managed by Richard Woolnough, UK Corporate Bond Fund Manager of the year

Schroder Global Emerging Markets - access to strong long term growth potential of global emerging markets

Schroder All Maturities Corporate Bond - looks to provide capital growth and income primarily through investment in non-government debt securities

Ray Chinn, Head of Pensions at LV= said: "We repriced our Balanced Consensus Fund because we believed we could make it even more competitive for IFAs. Added to this, we continually review our fund offering to ensure IFAs have a sufficiently appropriate choice to select from. The fact we have been able to include additional funds from Jupiter, Schroders, Fidelity and M&G to our platform in recent months - all of which meet our PensionQTM quantitative analysis benchmarks for consistency - has been fantastic, and helped strengthen LV='s proposition.

"We strongly believe that through our external fund links (strengthened by these new additions), and links with Discretionary Management partners, we offer advisers a highly attractive range of investment choices - to suit the majority of client requirements within a pensions wrapper."