LV= enters market for flexible retirement solutions

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LV= enters market for flexible retirement solutions

Following the purchase of Tomorrow from Swiss Re, LV= has introduced a new flexible retirement solutions business.

The insurance group stated that it has taken "strong market positions" in SIPPs, specialist enhanced annuities and lifetime mortgages/equity release.

According to LV=, the new areas "complement the existing LV= award-winning protection product range", as well as giving the opportunity to use the friendly society's existing asset management knowledge.

The flexible retirement products will be distributed through the intermediary market, which is made up of a distribution network of independent financial advisers, LV= stated.

This arrangement will help make sure that the firm's "track record" of providing "superior service and dedicated expert support" continues, it added.

Recent research from Alliance Trust indicated that among 60 to 69-year-olds, inflation movement was the top concern regarding retirement provision.
ADNFCR-323-ID-18418429-ADNFCR

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