Discretionary Fund Management:
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Annual Due Diligence
We carry out an annual due diligence review of our Selected partners proposition. This involves meeting with the eight Discretionary Fund Managers on our panel and reviewing them against three key areas – operational, strategy and business fit.
Due diligence reviews
We’ve summarised the key areas from our latest annual review. This gives you an overview of how our Discretionary Fund Management proposition has worked over the last year.
Operational
This covers the extent to which automated processes between the DFM and LV= are embedded and work well for the benefit of advisers and customers in addition to delivering operational efficiencies and reducing risk.
The summary:
All companies were graded as excellent, very good or good. This is demonstrated by their ability to interact electronically in key areas e.g. cash flow management, daily valuation feeds and their willingness to work with us further in this area.
Strategy
This relates to how the companies we deal with share our vision – from how the markets we operate in are developing, and their strategies to deal with future market changes.
The summary:
All companies were rated as excellent here as we could see clear evidence of an understanding of the way in which markets are developing, particularly in the at retirement space post pension freedoms. These companies had in place, or were in the process of developing, technology solutions aimed at the changing needs of advisers and customers.
The summary:
All companies were rated as excellent here as we could see clear evidence of an understanding of the way in which markets are developing, particularly in the at retirement space post pension freedoms. These companies had in place, or were in the process of developing, technology solutions aimed at the changing needs of advisers and customers.
Business fit
The primarily refers to how far our two businesses are aligned in key areas like distribution.
The summary:
All companies were graded as very good or good, largely due to the longevity of our relationship, their knowledge of how our business works and how best to link in across the regions.
The summary:
All companies were graded as very good or good, largely due to the longevity of our relationship, their knowledge of how our business works and how best to link in across the regions.
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