Liverpool Victoria is hoping to make an adviser's life easier with a new guide detailing the essential information about its with-profits fund.
It says the guide ‘The Facts – Refreshingly Transparent’ aims to provide advisers with transparent, clear and up to date information, all in one place to help them when they are reviewing clients’ options.
LivVic says the guide includes information “not always taken into account" when trying to make with-profits comparisons.
Overall, the document outlines core information about the Liverpool Victoria with-profits fund and addresses key practical issues including:
- The current spread of assets held in the fund;
- Who manages the fund and how they operate;
- A comparison of the Liverpool Victoria fund with other with-profits funds;
- Product performance compared to other investments;
- How returns are paid to investors and how final values are calculated;
- How returns from 2005 and 2006 will affect the returns investors receive over the next two years, and
- Market value reductions
Stuart Tragheim, director of intermediary business at Liverpool Victoria says the company appreciates with-profits investments can be difficult for advisers to review, especially in light of the Financial Services Authority’s (FSA) Treating Customers Fairly (TCF) requirements.
He adds: “Advisers need the full facts to hand for them to help clients make the right choices for their future financial wellbeing. No two with-profits funds are the same, from asset mix and smoothing approach to fund performance. We are keen that advisers understand our approach and strong track record of meeting members’ investment objectives.”
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7034 2681 or email [email protected]IFAonline
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