Mutual society Liverpool Victoria has issued its with-profits pension annuity bonus rates for the ye...
Mutual society Liverpool Victoria has issued its with-profits pension annuity bonus rates for the year 2000. Its regular bonus is now 5% and its top-up bonus 2.25%.
In addition, Liverpool Victoria has lowered the minimum premium to £10,000 as well as introducing a conversion option on joint life policies.
The society says the conversion option in particular may be of interest to financial advisers and their clients with joint life annuities as it provides an opportunity to review clients' financial circumstances upon the death of either the annuitant or the dependant. Conversion to a conventional annuity on a level or escalating basis can then be carried out but cannot however be reversed.
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