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

FCA data reveals 'notable advice gap' in drawdown

FCA data reveals 'notable advice gap' in drawdown

Almost half of pots entering drawdown now do so without regulated advice

Sophia Panayi
clock 24 September 2026 • 2 min read
Action 'needed now' on salary sacrifice to minimise disruption

Action 'needed now' on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Self-employed face retirement saving 'obstacle course'

Self-employed face retirement saving 'obstacle course'

‘Structural gap’ in participation between employees and self-employed

Martin Richmond
clock 22 September 2026 • 4 min read