LV= adds discretionary fund manager to SIPP

This brings the total number of discretionary fund managers available on its platform to six.

Charles Stanley offers clients investment choices in direct equities, fixed interest stocks and collectives and clients' portfolios are centrally managed.

LV= clients who invest using a Charles Stanley discretionary fund manager will pay an annual fee of 0.75% and will not be subject to transaction fees1. Total expense ratios (TER) will be around 1.3%.

Ray Chinn, LV= Head of Pensions said:

"We regularly review the investment options available via our SIPP, including the discretionary fund managers available on our panel, in line with market and adviser feedback. Charles Stanley‘s offering is extremely strong and fits well with the requirements of our clients.

"We have recently enhanced our proposition with the launch of a low cost SIPP, which has seen business levels increase recently; and we are confident that our link with Charles Stanley is another step in ensuring we offer compelling propositions for advisers and their clients."

Andrew Clotworthy, Charles Stanley Director of Intermediary Sales said:

"Charles Stanley is delighted to be on LV='s SIPP platform. Charles Stanley is committed to bespoke discretionary management and we are pleased to offer competitive charges to clients of LV=.

"With the advent of flexible drawdown, the need for a bespoke solution has never been more important to ensure clients are not shoehorned into a ‘one-size fits all' offering, and we look forward to working closely with LV= and advisers to offer a robust investment proposal to the individual, designed around their needs and risk profile."