LV= launches new ISAs

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LV= launches new ISAs

LV= has announced the launch of three new individual savings accounts (ISAs).

The three new ISA options - the LV= Diversified Income ISA, the LV= Balanced Managed ISA, and the LV= Stockmarket ISA - have been designed to cater for the individual needs of investors and the differing amounts of risk they are prepared to take.

As multi-manager funds, the three new offerings give savers ready-made investment portfolios made up of different funds from established investment managers, such as Artemis, Fidelity, Jupiter and M&G.

Tom Caddick, LV= Asset Management's head of multi manager, said: "Staying properly diversified to spread risk, focusing on fundamentals and taking a long-term view is now more than ever the right thing to do."

Recently, research by the Nottingham revealed that many people in the UK have opened up new savings accounts in recent weeks as they believe it will help them cope with the credit crunch.

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