LV= vows to tackle retirement advice for the masses; launches 'alternative to annuities' product

LV= head of distribution Steve Lewis said advisers and providers need to come together to ensure consumers are guided through retirement if they opt for income drawdown. He suggested new solutions could see providers take on a monitoring role for clients who receive advice initially but don't pay for ongoing advice. Clients could access further advice on an adhoc basis if required and they would pay for it separately, he said. LV='s calls came in the wake of a radical reform of the retirement income market, which, LV= claimed, have seen sales of lifetime annuities drop by around 50...