LV= has repriced its Balanced Consensus fund and increased its pensions range by six.
The insurer says the price cut for the Balanced fund, down from 25bps to 13bps will help IFAs by making the ‘default' offering on research comparison systems more competitive.
Ray Chinn, head of pensions at LV=, says: "We repriced our Balanced Consensus Fund because we believed we could make it even more competitive for IFAs. Added to this, we continually review our fund offering to ensure IFAs have an appropriate choice to select from."
LV= has also added Fidelity, Jupiter, M&G and Schroder PensionQ accredited funds to its pensions platform, increasing the range by six.
A passive balanced managed fund, excluding property, the Balanced Consensus fund invests across State Street Global Advisors trackers, tracking the CAPS Median Fund ex Property Index with a tracking error of not more than 50bps.
Of the new LV= pension funds, Fidelity Southeast Asia will be focused on mid-to-large capitalisation companies, high-quality stocks, with a relatively low risk of financial and business problems
Jupiter European Special Situations centres on special situations mainly in undervalued European equities.
Investment predominantly in North American blue chip companies will be the focus of the Jupiter North American Income, and Richard Woolnough, UK Corporate Bond Fund Manager of the year will run the M&G Optimal Income.
Schroder Global Emerging Markets and Schroder All Maturities Corporate Bond will access the strong long term growth potential of global emerging markets, and provide capital growth and income primarily through investment in non-government debt securities respectively.
Annual investment management charges for the external fund links range from 0.13% to 1.25%.
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Fine reduced to £60,000
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