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Guide gives smoothing details on fund returns

LV= is offering a guide to its with-profits funds to assist advisers when reviewing customers’ investments.

The guide, called, The Facts – Refreshingly Transparent, contains information about the Liverpool Victoria with-profits fund, which includes product performance comparisons and details about market value reductions and how returns are paid to investors.

LV= says the guide includes information which is not normally taken into account by other comparison tools such as online with-profits analysers. The guide will outline the actual returns achieved by the fund and how these will be smoothed over the next two years.

LV= intermediary business director Stuart Tragheim says: “We appreciate that with-profits investments can be difficult for advisers to review, espec-ially 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.”

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