The retirement suite of products will join LV='s mortgage & lifestyle protection, and its equity release products, which are already available through the 1700 advisers in Intrinsic's multi-tie and whole of market distribution channels.
The products now available to Intrinsic's financial planners include:
LV= Flexible Transitions Account
- A transparent and ‘RDR friendly' SIPP style plan that allows clients to grow their pension fund, consolidate existing pension arrangements and draw retirement income
- Core to this is the simplified FTA proposition, now a permanent part of LV='s proposition following a successful pilot. This low cost product (wrapper charge of 0.3% p.a.) provides an ideal entry level product option for clients not needing the full SIPP functionality at outset
- A range of investment choices including low cost tracker funds and risk graded Managed Portfolios.
LV= Protected Retirement Plan
- Designed to offer clients a choice of some of the best features of both annuities and pension drawdown
- A fixed term annuity style plan with capped and flexible drawdown available, and a guaranteed maturity value set at the start of the plan
LV= Enhanced and with profits pension annuities
- With-profits pension annuity on standard and enhanced terms
- Increased income for life with qualifying conditions and lifestyle factors
John Perks, LV= retirement solutions director said:
"This is a very important and exciting partnership for LV= with Intrinsic taking our full retirement product suite onto its panel. This is another endorsement of the strength of our products, service and LV='s increasing profile as one of the leading retirement specialists."
Kevin Ronaldson, Intrinsic's Group Marketing Director, said:
"Intrinsic has a team of 1,700 advisers throughout the UK and is highly regarded with a consistent track record in offering top quality advice to our clients.
"LV= is committed to offering flexible retirement solutions to meet people's changing needs and we look forward to continuing our successful relationship with them."
