All our with-profits business is held within Liverpool Victoria Financial Services Limited (LVFS). When your client invests with us, it’s combined with other investor's money into our with-profits fund. First and foremost, we want to give your client a fair return on their investment. As we offer many different ways of investing, we have different groups of with-profits policyholders – with different plans started at different times, and with different terms.
We use smoothing on our with-profits funds to help protect your client from the ups and downs that can be found with investing in the stock market (and other investments).