Retirement specialist LV= has released its Retail Distribution Review (RDR) adviser charging strategy just nine weeks before the deadline.
The company said its retirement products and systems are now RDR ready, and it will implement a variety of charging methods from 22 October. Its Enhanced Annuity, Fixed Term Annuity and Investment Linked Annuity will operate an ‘initial charge' functionality only. This means that a regular premium initial charge, ongoing charges and ad-hoc charges will not be offered on these products. The self-invested personal pension (SIPP) will offer an initial charge facility, a regular premium initial charge, ongoing charges on a quarterly basis only and ad hoc charges. The Flexible Guarantee...
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