LV= Protected Retirement Plan
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LV= Protected Retirement Plan
Type: Unsecured personal pension
Aim: Income at a fixed level for a fixed term, plus a guaranteed maturity value
Minimum investment: Lump sum £10,000
Minimum-maximum ages: 50 to 71, 55 from April 6, 2010
Minimum term: Three years
Income frequency: Monthly, quarterly, yearly or half yearly
Options: Joint life, dependents’ income, guarantee period allowing income to be paid for minimum period even if client dies within this time, value protection enabling 100 per cent of capital to be protected if client dies before maturity date
Charges: Implicit
Commission: Initial up to 6% negotiable through customer agreed remuneration menu
Contact: www.lv.com/adviser
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