LV= has launched a retirement advice desk to assist advisers with clients due to retire before April 2015.
The LV= Retirement Desk, which is manned by a team of experienced retirement solutions specialists, will provide advisers with one-to-one telephone support, including guidance on what they and their clients need to be aware of in the short and medium term.
Online tools will also be made available to help IFAs navigate the available options, as well as separate information on general retirement planning queries and individual cases. According to LV=, the team of specialists can provide “detailed information” on the full range of income options, including lifetime and enhanced annuities, fixed-term annuities and capped and flexible drawdown. The service is available to all IFAs seeking guidance on retirement options. The desk can be contacted on 08000 850 250 or by emailing retirement@lv.com.
John Perks, managing director of LV= retirement solutions, said: “Today’s retirees have more income options available and we want to ensure IFAs and their clients take advantage of the opportunities presented by the rule changes announced in the Budget.
Adviser view:
David Gibson, director of Londonderry-based Gibson Financial Planning, said:
“We have not encountered a single client who has to retire pre-April 2015. Largely speaking, we are advising clients to wait until April next year and benefit from the more flexible pension income rules. However, we have still had some clients through the door for whom an immediate annuity is the most suitable option.”
