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LV= Protected Retirement Plan update

LV= Protected Retirement Plan update

Update: Flexible drawdown option added, allowing qualifying new and existing to select an income unrestricted by GAD rates, provided it is sustainable over the term of the plan; select a nil maturity value option, allowing customers access to their full pension fund over a three year period; take a ‘guaranteed maturity value’ at the end of the term as a one-off income payment; Value Protection benefit – a death benefit option that can chosen at outset – can run beyond age 75 and plan term/ benefits can be set at outset to run beyond age 75

To qualify for the option, clients must meet the minimum income requirement, which is a lifetime income of at least £20,000 a year




Public pensions, like private plans, are changing for good

Public sector pension reforms are never far from the headlines but it can be difficult to comprehend how much money we are talking about. Some public sector pension schemes are funded, as private sector pensions are required to be, but many are not and the benefits will need to be paid from the public purse […]

Veracity sets up forum to open dialogue with FSA

Veracity Asset Transformation has set up a business forum to allow better communication between the FSA and consultancy firms supporting advisers transitioning to the RDR. The Business Transformation Forum will meet quarterly to discuss issues that arise as advisers transition to the RDR, and aims to help the FSA check the progress that is being […]


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