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LV= teams up with Lighthouse to deliver new funds

LV= Asset Management and Lighthouse have agreed a distribution deal for four proposed OEIC sub-funds.

LVAM’s multi manager and fund selection team, headed by Tom Caddick, will manage the funds, which will be sold and distributed through the Lighthouse platform.

The funds are expected to launch in July with a TER of around 1.8 per cent.

Caddick says: “This is a very positive step forward for our broader retail asset management plans. We’re pleased to be entering into this agreement with Lighthouse and look forward to working closely with the Lighthouse group in the future”.

Lighthouse chief executive Malcolm Streatfield says: “Lighthouse Group is very pleased to further our relationship with LV= again. These four funds will prove to be excellent additions to our adviser’s product offering. We look forward to helping LV= in their development of this area of their business.”


FSA ditches risk scheme for PI

The FSA has dropped its suggestion that advisers could face risk-based assessments to decide how much professional indemnity cover they should hold, with a flat rate now looking the likeliest option.


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