Guaranteed Income Drawdown:
Quote & Apply
Servicing
Where guarantees meet growth potential
Political and economic volatility can bring uncertainty to retirement planning. This, combined with increasing life-expectancy, means there is a significant risk of clients outliving their funds due to sequencing risk and volatility drag.
LV's Guaranteed Income Drawdown (GID) solution allows for the flexibility a modern retiree needs; providing a secure income and maintaining growth potential without locking the client into a decision which isn't adaptable to their future financial needs.
Guaranteed Income Drawdown is a solution that brings together
- The security of the LV= Fixed Term Investment to provide a guaranteed income, Guaranteed Maturity Value or both.
- With the opportunity for continued investment through around 200 available funds, including the LV= Smoothed Managed Funds.
- Within a SIPP for tax efficiency and flexibility.
Step 1
Open an LV= SIPP.
Step 2
Invest a portion in the LV= Fixed Term Investment (FTI) for a guaranteed income and/or a Guaranteed Maturity Value.
Step 3 (optional)
Invest the remainder in one of our Core funds, including our Smoothed Managed Funds for continued growth potential.
Result
Income from the FTI and any investment are paid into the SIPP
bank account.
For a deeper dive in to how this solution works, download our adviser guide.
Ready to quote and apply?
To support you, we offer a simple online quote and apply process through our Savings and Retirement Adviser Portal.
If you’ve already registered, please log in to the portal. Otherwise, click 'Register now'.
If you're not quite ready to get a quote, speak to our friendly Business Development Managers on 0800 032 8298, or via email on [email protected]
Which clients could benefit most from Guaranteed Income Drawdown?
Clients who are approaching or already in retirement and want to bridge the gap to State Pension age
Clients who need a guaranteed income as well as the flexibility to adapt their finances as the years go by
Clients who are nervous about the value of their pension being eroded by inflation and might value a smoothed investment
Clients who are approaching or already in retirement and want to bridge the gap to State Pension age
Read our case study to see how GID could work in the real world.
LV= Fixed Term Investment
An innovative solution that produces guaranteed income and/or capital growth at maturity for 3-25 years within an LV= or external SIPP.
Smoothed Managed Funds
Our proven smoothing process helps level the concerns of day-to-day investing. It’s simple, transparent and performed exactly as intended through market shocks.
Extra benefits
As a mutual, our members are at the heart of our business. Investing in our guaranteed income solutions makes your client a member of LV=, and entitles them to a range of member benefits like 24/7 virtual GP access, Care Navigator and potentially includes our mutual bonus.
Let's talk
To learn more about our guaranteed income solutions, speak to one of our Business Development Managers. You can also call 0800 032 8298 or email our adviser support team.
Alternatively, if you need support with an existing policy or help with our online systems, call us on 0800 032 2990.
Lines are open 9am-5pm Monday-Friday. For TextDirect: first dial 18001. We may record or monitor calls for training and audit purposes.