LV= with-profits in line for double-digit returns

The group finance director for the life and pensions provider said the mutual was reporting a “high level” of investment return for members, at 11.1 per cent – 2.5 percentage points higher than the market benchmark.

He said: “With-profits remain an attractive investment proposition for certain market segments and we are committed to offering great returns to our customers.

“This performance and the possibility of mutual bonuses continue to benefit existing with-profit members, as well as for our new pension income-plus annuity and our flexible guarantee bond.”

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An announcement regarding any mutual bonus uplift to be added to with-profits payouts will be made on 31 March, when LV= reveals its full-year results.