LV= launches with-profit pension annuity

The product accepts protected rights and LV= says annuitants will be offered value protection, thereby providing a return of unused capital to their estate should they die before the age of 75. As with the conventional LV= enhanced annuity, advisers will be able to obtain higher levels of income for smokers or clients that suffer from certain medical conditions. In addition, policyholders will also receive an income linked to the performance of the LV= With Profit fund, providing them with the potential to receive additional income not possible under a conventional annuity. Matt Trott...