View more on these topics

LV= sets out RDR adviser charging plans

LV logo 480

LV= has revealed its adviser charging structure and has confirmed it will allow advisers to take commission on products where original quotes are dated before 31 December 2012.

Commission on Sipp, annuity and flexible guarantee bond quotes can be requested up until 30 December 2012 on pre-RDR commission terms even if a re-quote is requested or the application is received by LV= after this date, providing no further related advice is given.

Flexible bond applications must be completed before 9 February 2013 and Sipp and annuity applications must be completed before 6 April for commission to apply.

LV= head of retirement proposition Phil Brown says: “The implementation of the RDR means many advisers are having to remodel their businesses. We hope that by announcing our RDR proposition well ahead of the December deadline, we are providing advisers with much needed clarity and certainty as to how we will facilitate adviser charging.”

Initial charge
Regular premium initial charge
Ongoing charges
Ad hoc charges
Enhanced annuity
Fixed Term Annuity
Investment linked annuity
Quarterly only
Flexible Guarantee Bond Series 2
Monthly, quarterly, yearly, half-yearly


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. More details pls Phil. e.g. SIPPs £ or % based ongoing, or both? Amount &/or time limited e.g. x% for first 18 months? Any reasonableness limits? If adviser already has client agreement with charges, what do they need from you to set up ACF post 1/1/13?

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm