LV= trials Treasury-backed pension passport scheme

clock

Insurer LV= is trialling a pension passport scheme in place of traditional retirement wake-up packs to boost client engagement.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Government confirms amendment to Pension Schemes Bill mandation clause

Government confirms amendment to Pension Schemes Bill mandation clause

Government will not require DC schemes to invest more than 10% of total assets

Holly Roach
clock 13 April 2026 • 3 min read
Case study: The hidden risk of a single member SSAS without a professional trustee

Case study: The hidden risk of a single member SSAS without a professional trustee

The problem, the solution, lessons learned

Caitlin Southall
clock 30 March 2026 • 4 min read
Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read