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Converting LV= ISA to a with-profits investment

As we move towards building a secure and long term mutual future, we'll be enhancing the Smoothed Managed Funds range.

With effect from 12 September 2022, your clients’ ISA will be converting to a unitised with-profits investment basis. For business being quoted and applied for now, and already placed into LV= ISA, investments will also be converted across to a unitised with-profit basis with effect from the same date. This change will make all ISA policyholders eligible to benefit from future LV= mutual bonus declarations. You can find more information on our mutual bonus here.

To give you notice of these changes and the opportunity to consider what is being proposed, we'll be issuing adviser letters from 4 August 2022. We'll also be writing to all customers impacted by these changes, starting from 11 August 2022. A copy of both the adviser and customer letters is available below:

In the unlikely event that a policyholder doesn’t want their ISA to convert to with-profits they, of course, always have the option of surrendering their ISA. Alternatively, they have the option of transferring the cash value to an ISA with another provider.

Broadening our range of funds

Also, as a reminder, your client also has access to two new risk rated funds – ISA Extra Cautious and ISA Impact Growth, covering a broader range of investor risk profiles. These are now available in addition to the existing range of fund options -  ISA Cautious, ISA Balanced, and ISA Growth.

Product Profile

With multiple layers of protection, your clients will benefit from our LV= ISA at any stage of their lives. See further information on target markets, risks and eligibility in the product profile.

We’re here to help protect your clients’ funds and with the unique features of the LV= ISA, you can do just that

The main features of the LV= ISA

Your client’s investments may go down as well as up, and they could get back less than invested. Whilst there is no minimum or fixed term, our ISA is designed to provide steady growth for a period of at least five years and ideally longer.

With multiple layers of protection, your clients will benefit from our LV= ISA at any stage of their lives. See further information on target markets, risks and eligibility in the product profile.

*10-year guarantee period only available with ISA Cautious fund.

  • An in-built smoothing mechanism – uses fund price averaging to reduce the impact of market volatility on your clients’ investments.
  • An online valuation tool - the current value of your client’s investment is just a few clicks away.
  • Funds are independently risk-rated by multiple agencies to help you assess client suitability.
  • An investment option - managed to our mandate by Columbia Threadneedle Investments.
  • An optional capital guarantee* – lock-in fund value for a fixed 10-year term, helping reduce downside risk.
Contact Phone

Need to get in touch?

You can contact your Business Development Manager for more information about our LV= ISA, or for anything else call us on 0800 032 8298.