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LV= Protected Retirement Plan

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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