Guaranteed Income Drawdown:

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Meeting modern retirement needs

The uncertainty of retirement can be stressful for clients. In fact, 93% of mass affluent consumers stated that having a regular income was key to making them feel financially stable. Read our Wealth and Wellbeing Autumn/Winter 2024 report.

Meanwhile, political, economic and social uncertainty can also bring volatility to retirement planning and this uncertainty, combined with increasing life-expectancy, means there is a significant risk of clients outliving their funds thanks to sequencing risk and volatility drag.

LV's Guaranteed Income Drawdown (GID) allows for the flexibility a modern retiree needs; providing a secure income and maintaining growth potential without locking the client in to a decision which isn't adaptable to their future financial needs.

Adviser guide

Learn more about Guaranteed Income Drawdown and the benefits it offers your clients approaching or in retirement.
Read our adviser guide

Customer guide

Share with your clients to explain the Guaranteed Income Drawdown solution and what it can do for them.
Read our customer guide

Case study

See how Guaranteed Income Drawdown could support your clients through this simple, illustrative case study.
Download the case study

How it works

Guaranteed Income Drawdown is a combination (within the LV= SIPP) of the LV= Fixed Term Investment (Protected Retirement Plan) to provide secure income and/or a Guaranteed Maturity Value, and another investment.

We think Guaranteed Income Drawdown works best when you combine the LV= Fixed Term Investment with our Smoothed Managed Pension Funds to provide proven volatility management and opportunity for growth.

Money that is invested into the LV= Smoothed Managed Pension Funds can benefit from the potential of further capital growth and will not be taxed within the fund.

When your client invests in the LV= Fixed Term Investment or the LV= Smoothed Managed Funds they become a member of LV=.

This means they will share in the success of LV= through mutual bonuses (once they've been a member for 12 months), and have access to a range of benefits including access to LV= Doctors Services, product discounts and our member support fund. Read more about our member benefits.

Need to know more about our smoothing mechanism? Watch this video or find your local Business Development Manager who will be happy to speak with you.

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Want to see how GID works in practice?

Register or log in to our Savings and Retirement adviser portal to quote and apply for Guaranteed Income Drawdown.

Log in and quote now
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Guaranteed Income Drawdown customers are:

  • approaching or already in retirement and are looking for a bridge to state pension age or beyond
  • looking for a guaranteed income, but still want to preserve the ability to adapt to their requirements as the years go by
  • nervous about exposing their pension savings to fluctuations in investment performance
  • wanting to pass on some of their wealth to loved ones.

LV= Fixed Term Investment (Protected Retirement Plan)

  • Select a level of secure income and/or Guaranteed Maturity Value.
  • Set the duration of the plan from three to 25 years.
  • Your client can stop the income at any time.
  • Conversion feature included, so your client keeps control over their money.
  • Options to pass on fund value to beneficiaries on death.
  • Eligibility for our members benefits and mutual bonus.

More on our Fixed Term Investment

LV= Smoothed Managed Pension Funds

  • Choose from a range of five smoothed funds, each with a track record of effective volatility management.
  • Optional 10-year guarantee available on the Smoothed Managed Cautious fund.
  • 100.1% of the fund value available to beneficiaries on your client's death.
  • Eligibility for our member benefits and mutual bonus.

More on our Smoothed Funds

Added value for your clientsLearn more about the range of member benefits available, including our mutual bonus.
Learn more about membership
The Times Money Mentor best drawdown 2024 award icon

The Times Money Mentor Awards 2024

We’re proud to have been awarded The Times Money Mentor award for Best Pension Drawdown Provider, as voted for by a panel of industry experts and The Times' money mentors. 

The judges acknowledged that we were 'a clear winner with wealth of knowledge and insight about risks, advantages across drawdown considerations, as well as alternative options'.

See more on our awards for our protection and retirement options. 

Contact Phone

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Email [email protected] to book an introductory meeting. Please quote your FCA number and postcode.