LV= website looks to cut pension confusion

The head of distribution for retirement solutions at LV= said: “The retirement income changes announced in the Budget have created a significant opportunity for advisers to add real value to their clients’ retirement plans.”

Mr Lewis said that, since the Budget on 19 March, when chancellor George Osborne announced that no one would be forced to buy an annuity, the life and pensions provider has received “numerous calls from advisers who want a greater understanding as to what recommendations they should be making to clients”.

The website provides guidance on what is needed in the short-term, as well as information on how clients can use both existing and new products.

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Mr Lewis added: “We are committed to the adviser community and have created this dedicated microsite to help plug the information gap. We want to make it easier for advisers to identify quickly the impact the changes could have on their clients’ retirement plans.”

Adviser view

Andrew Reeves, director of the Bedfordshire-based Investment Coach Limited, said: “Any resource that helps disseminate information to help clients is useful. However, I imagine it is geared towards LV= products, so I would be inclined to seek independent information in the first instance.”