The LV= Smoothed Managed Fund range is designed to provide steady long-term growth over a period of at least five years. The LV= smoothing process doesn’t mean investments will not drop in value. Smoothing will not prevent losses in longer term falling markets and investments may go down as well as up. The smoothing process has continued to perform as intended through the extreme volatility seen as a result of Covid-19. However, in exceptional conditions (for example, if the underlying price is 80% of the averaged or ‘smoothed’ price) the fund may be valued on the underlying price. We also reserve the right to do this at other times.
Please remember the smoothed managed funds are a stock market related investment, the value can go down as well as up and your client may get back less than they invested.
About LV=’s Fixed Term annuities
LV=’s Fixed Term Annuity - the LV= Protected Retirement Plan - offers a guaranteed income solution, guaranteed value at maturity or combination of both over a range of terms. This enables the plan to be tailored to an individual client’s needs and creates more flexibility and access to their money than a standard annuity. The fixed term is selected at outset but a break clause option means it can be cashed in at any time.
Notes to Editors
*LV= surveyed 4,000 nationally representative UK adults via an online omnibus conducted by Opinium in Sept 2022 and December 2022.
UK population stats from ONS. Total UK adult population is 53.2m UK adults (aged 18+).