LV= with-profits values fall by 1.2%

Investors in the LV= with-profits fund will see their policy values fall by an average of 1.2%. The...

Investors in the LV= with-profits fund will see their policy values fall by an average of 1.2%. The firm says the fund has performed well in the turbulent markets, but it will be cutting annual bonus rates by as much as 1.4%. Over the past five years, the with-profits fund has made a cumulative investment return of 29%, while average annualised returns were 5.23%. LV= expects to add around £84.5m in bonuses to policies, but confirmed it will cut annual bonus rates on with-profits products, in line with other providers. Customers using a With-Profits Pension Annuity Series 3, purchas...