Low-cost SIPP unveiled by LV=

LV= launch new low cost pension plan

LV= has announced details of its new low cost pension plan that reduces the annual fee to just 0.25 per cent.
LV= revamps critical illness cover

LV= has made changes to its critical illness insurance, increasing the number of conditions and partial payments covered.

Tuesday, 14 September 2010 12:00

LV= has announced it is offering its low-cost SIPP, the Flexible Transitions Account, for the remainder of the year.

The product is designed for those clients who wish to keep it simple as it provides them with initial access to a range of funds.

It includes a discount of up to 0.25 per cent off the annual service charge.

Under the option, clients have the opportunity to select from 26 funds across passive/tracker, risk-graded multi-asset and actively managed sector choices.

Ray Chinn, head of pensions at LV=, said the range of funds on offer should cover the requirements of many people.

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