The fund will be offered to advisers directly through the Fidelity platform
The £4bn LV= With-profits fund returned 5.7% in 2007 during a period of market turbulence, down from 11.2% in 2006.
Prudential has unveiled an updated version of the with-profits fund which carries many of the transparent ‘smoothing' characteristics but is still said to offer 5% pa net return.