LV= trials Treasury-backed pension passport scheme

The pilot scheme, put in place to better engage with people approaching retirement, has the backing of the Treasury, the business said. The pension passport is a simple document outlining how much a person has in their pension pot, in what type of scheme and any special terms - such as guaranteed annuity rates attached to their pension. To see an example of LV='s pension passport VISIT HERE. LV= head of retirement proposition and change Phil Brown said: "We are sending these to those pension savers approaching retirement in place of the current wake-up packs. "People spend a...