LV=, formerly known as Liverpool Victoria, has launched a guide on its with-profits investments aimed to assist and support advisers when reviewing clients' investments with transparent, clear and up to date information, from one place.
The guide outlines core information about the LV= with-profits fund and addresses the key practical issues advisers will need to consider when reviewing their clients’ options.
Issues addressed include the current spread of assets held in the fund, a comparison of the LV= fund with other with-profits funds, product performance compared to other investments, how returns are paid to investors and how final values are calculated.
The guide includes information which is not normally taken into account by commonly used comparison tools, such as online with-profits analyzers.
Stuart Tragheim, director of intermediary business at LV=, said: We appreciate that with-profits investments can be difficult for advisers to review, especially in light of FSA treating customers fairly requirements. Advisers need the full facts to hand for them to help clients make the right choices for their future financial wellbeing. No two with-profits funds are the same, from asset mix and smoothing approach to fund performance. We are keen that advisers understand our approach and strong track record of meeting members’ investment objectives.