LV= joins decumulation action group

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LV= has become the latest firm to join the decumulation action group headed by Tom McPhail.

The as yet unnamed group, which was announced last month, aims to raise awareness of the various retirement income options available in the UK marketplace and promote the benefits of in-retirement advice. Living Time, MGM Advantage, Partnership and Hargreaves Lansdown founded the group, and have now been joined by LV=. LV= says its own research, suggesting just one in five over 50s have taken retirement planning advice, shows the need to promote the options available to pensioners. Matt Trott, head of annuities at LV=, says: "The LV= team is determined to work with other progressiv...

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