LV= banking assesses impact of UK political situation

Money News

www.moneynews.co.uk > Banking > LV= banking assesses impact of UK political situation

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

LV= banking assesses impact of UK political situation

The hung parliament in the UK could have a significant effect on the investment strategies of many individuals, according to LV= banking.

Matt Trott, head of annuities at the financial services provider, made his comments after the result of the general election saw none of the three major parties gain a working majority.

As a result, it is widely expected that Liberal Democrats leader Nick Clegg will announce today (May 11th) whether his party will partner with Labour or the Conservatives to form a coalition government.

Mr Trott suggested that if markets are confident about the political bonds formed, then it could lead to falling annuity rates, whereas increased uncertainty may result in better rates in this type of financial product.

However, he pointed out that customers should not bank on seeing increased yields being passed on to them by annuity providers, since many will try to "ride out as much volatility as possible".

Click here for more banking newsADNFCR-323-ID-19769880-ADNFCR

Related News : Banking

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : LV=

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet