Pension Annuity. Policy Conditions Document reference: PPAS1(6) This is an important document. Please keep it in a safe place.

Transcription

1 Pesio Auity Policy Coditios Documet referece: PPAS1(6) This is a importat documet. Please keep it i a safe place.

2 Pesio Auity Policy Coditios Welcome to LV=, ad thak you for choosig our Pesio Auity. These policy coditios, together with your policy schedule, applicatio form, ad ay documets we sed you cofirmig chages to your pla, form a cotract betwee the policy ower ad Liverpool Victoria Friedly Society Limited. These are importat documets so please keep them i a safe place. This cotract is siged o behalf of Liverpool Victoria Friedly Society Limited. It starts o the date stated i your policy schedule. Mike Rogers Chief Executive If we ca help you, by providig these documets i Braille, i large prit or o audio, please let us kow. LV= Pesio Auity Policy Coditios 2

3 Cotets Defiitios 4 What is the LV= Pesio Auity? 7 Sectio A Moey we pay to you whilst you are alive A1 Lump sums we pay you at the start of your auity 8 A2 Regular icome we pay you 8 Sectio B Moey we pay after you die B1 Who we will pay death beefits to 9 B2 If you die before the ed of a guarateed paymet period 9 B3 If you ve chose value protectio 11 B4 If you ve chose a depedat s auity 12 Sectio C Geeral coditios C1 Who ows your auity 13 C2 Charges built ito your auity 13 C3 Medical ad lifestyle evidece we may ask for from you or your depedat 14 C4 Other evidece we may ask for from you or your depedat 14 C5 How auity paymets are taxed 14 C6 Other deductios which may reduce your auity beefits 14 C7 Overpaymets 14 C8 Whe your policy starts 15 C9 Whe we ca chage the amout of your auity before your icome start date 15 C10 Whe we ca chage the amout of your auity after your icome start date 15 C11 Currecy 15 C12 The law that applies to your auity 15 LV= Pesio Auity Policy Coditios 3

4 LV= Pesio Auity Policy Coditios Defiitios This sectio explais what we mea whe we use the words listed below i your policy schedule, these policy coditios, ad ay documets we sed you to cofirm ay chages to your policy. We explai them because they may have other meaigs i every day use. We have highlighted these words i bold so you kow whe they apply (other tha persoal terms such as you ad we ). you meas the auitat, who is the perso amed i your policy schedule to receive the auity icome from this policy for the rest of their life. we, us, or our meas Liverpool Victoria Friedly Society Limited. auity meas the regular icome, before tax, we pay you from each part of this policy. If your policy cotais more tha oe auity your icome paymets will be added together. auity purchase price meas the total amout of moey we use to buy your auities. If your policy is set up as a ope market optio (OMO) or scheme pesio, we use the total paymet received istead. cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up whilst you were cotracted-out of the State Earigs-Related Pesio Scheme (SERPS) or the State Secod Pesio (S2P). defied beefit scheme meas a pesio scheme or arragemet where you build up a kow level of beefit. These are ormally related to how log you ve bee a active member of the scheme, ad how much you eared. These are ofte called fial salary schemes as the beefits from may defied beefit schemes are based o how much you eared at the ed of your employmet. defied cotributio scheme meas a pesio scheme or arragemet where your beefits directly relate to what was paid ito the scheme, ad the ivestmet retur eared. These are ofte called moey purchase schemes as the actual amout of the beefits is t kow util you take them, ad is determied by the pesio fud available ad the rates used to buy your auity. depedat meas the perso we will pay a depedat s auity to util they die, if you ve chose this ad they outlive you. We will oly pay a depedat s auity to: someoe you are married to or i a civil partership with whe your policy starts, or someoe you are married to or i a civil partership with, or someoe who is depedet o you (either fiacially or because of physical or metal disability), whe you die. depedat s auity meas the regular icome we will pay to your depedat if they outlive you ad you ve chose this beefit optio. The amout of auity icome we will pay them is a set percetage of your auity. If you ve chose this beefit optio we show this i your policy schedule. guarateed miimum pesio (GMP) meas the miimum pesio that a defied beefit scheme must provide if you have bee cotracted-out of the State Earigs- Related Pesio Scheme (SERPS) betwee 6 April 1978 ad 5 April

5 guarateed paymet period meas the period from the icome start date of your policy durig which we will pay your auity, eve if you die durig this period. If you ve chose this beefit optio we show this i your policy schedule. icome start date meas the date we ca start payig your icome. If you have chose to be paid i arrears the date you receive your icome will actually be after your icome start date. This will be show o your Policy schedule. lifetime allowace meas the amout of tax privileged pesio savigs that you ca build up i all of your pesio schemes, before a additioal tax charge becomes payable whe you take your beefits. lifetime allowace excess meas the amout of your pesio fud give to us to buy your auities which is above your persoal lifetime allowace. If this applies to you we will refud this as a lump sum less tax, ad show this i your policy schedule. LV Persoal Pesio Scheme meas our persoal pesio scheme, which is a UK registered pesio scheme. o-cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up whilst you were t cotracted-out of the State Earigs-Related Pesio Scheme (SERPS) or the State Secod Pesio (S2P). omiated beeficiary meas the perso you would like us to pay ay lump sum or cotiuig paymets uder a guarateed paymet period, or a value protectio lump sum, whe you die. If you ve chose a omiated beeficiary i the applicatio form you ca chage this at ay time before you die. ope market optio (OMO) meas the optio to use your fuds from your existig registered pesio scheme to buy a auity from a isurer of your choice. If you ve chose this optio the trustees or Scheme Admiistrator of your existig pesio scheme or arragemet will pay you ay tax free cash. paymet due date - meas the dates we pay your regular icome at your selected frequecy. pesio fud meas the fud you use to buy a auity, other tha from cotracted out salary related beefits, or o-cotracted out salary related beefits. policy meas these policy coditios, your policy schedule, ad ay documets we sed you to cofirm ay chages to these. LV= Pesio Auity Policy Coditios policy aiversary meas each 12-moth aiversary from the icome start date of your policy. policy ower meas you, or the trustees of your existig pesio scheme. We show this i your policy schedule. post-05/04/88 guarateed miimum pesio (GMP) meas the beefits the trustees of a defied beefit scheme provide, which you ve built up betwee 6 April 1988 ad 5 April 1997 whilst you were cotracted-out of the State Earigs-Related Pesio Scheme (SERPS). post-1997 cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up after 5 April 1997 whilst you were cotracted-out of the State Earigs-Related Pesio Scheme (SERPS) or the State Secod Pesio (S2P). 5

6 post-1997 o-cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up after 5 April 1997 whilst you were t cotracted-out of the State Earigs-Related Pesio Scheme (SERPS) or the State Secod Pesio (S2P). post-2005 cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up after 5 April 2005 whilst you were cotracted-out of the State Secod Pesio (S2P). post-2005 o-cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up after 5 April 2005 whilst you were t cotracted-out of the State Secod Pesio (S2P). pre-06/04/88 guarateed miimum pesio (GMP) meas the beefits the trustees of a defied beefit scheme provide, which you ve built up before 6 April 1988 whilst you were cotracted-out of the State Earigs-Related Pesio Scheme (SERPS). pre-1997 o-cotracted out salary related beefits meas the beefits the trustees of a defied beefit scheme provide, which you ve built up before 6 April 1997 whilst you were t cotracted-out of the State Earigs-Related Pesio Scheme (SERPS). pre-1997 o-gmp meas the additioal beefits we give you whe the fud give to us to provide GMP beefits is greater tha the amout we actually eed to pay you these beefits. We treat these the same as pre-1997 o-cotracted out salary related beefits. purchaser meas the registered pesio scheme buyig your auity, which we show i your policy schedule. RPI (Retail Prices Idex) meas the idex the Office for Natioal Statistics produces to measure price iflatio. This is a geeral purpose domestic measure of iflatio i the UK. scheme pesio meas where the trustees or Scheme Admiistrator of your existig pesio scheme or arragemet chose to buy a auity from us. They will pay you ay tax free cash. start date meas the date whe your policy starts, which we show i your policy schedule. LV= Pesio Auity Policy Coditios tax free cash paymet meas the tax free cash (also kow as pesio commecemet lump sum) you ve chose to take before your auity starts. For trasfers we show this i your policy schedule. total paymet received meas the total amout of moey we receive to buy your auity ad ay tax free cash paymet. We show this i your policy schedule. trasfer meas you ve chose to trasfer your pesio fud to the LV Persoal Pesio Scheme. value protectio meas the maximum lump sum we pay out whe you ad ay depedat have died. If you ve chose this beefit optio we show this i your policy schedule. 6

7 What is the LV= Pesio Auity? A Pesio Auity is desiged to provide you with a icome for the rest of your life. This ca either stay the same, or chage by a selected amout each year. Your Pesio Auity will be set up with either: a trasfer, or usig your ope market optio (OMO). The trustees or Scheme Admiistrator of your existig pesio scheme or arragemet ca also buy a Pesio Auity to provide you with a scheme pesio. For trasfers, or for OMOs ad scheme pesios usig pesio fuds from the same pesio scheme or arragemet, we set this up as oe policy. Each part is idetified separately, which we show i your policy schedule. This is importat because we treat each part separately: whe we work out your yearly icome, ad whe we work out what we pay out after you die. If your policy icludes more tha oe auity, we show this i your policy schedule. For OMOs ad scheme pesios usig pesio fuds from more tha oe pesio scheme or arragemet, we will set this up as oe policy for each scheme or arragemet. For trasfers, your policy provides beefits allowed uder the rules of the LV Persoal Pesio Scheme. If at ay time there is a coflict betwee these policy coditios ad the rules of the LV Persoal Pesio Scheme, we will refer to the rules whe makig ay decisios. If you wat a copy of these rules, please let us kow. LV= Pesio Auity Policy Coditios 7

8 Sectio A Moey we pay to you whilst you are alive This sectio tells you what beefits we will pay you whilst you are alive, depedig o what optios you chose. We show you the optios you have chose i your policy schedule. A1 Lump sums we pay you at the start of your auity For trasfers we ll pay you a tax free cash paymet at the start of your auity, if you chose this. We show the amout we pay you i your policy schedule. For OMOs ad scheme pesios your origiatig pesio scheme will pay you ay tax free cash paymet. You oly get the chace to choose to receive a tax free cash paymet at the start of your auity. We may also pay you a lifetime allowace excess lump sum if you re uder age 75. If this applies to you, we show this i your policy schedule. This will be paid after we ve take off a tax charge, which is curretly 55%. A2 Regular icome we pay you We will pay your auity icome from the icome start date show i your policy schedule for the rest of your life. Your policy schedule will also cofirm whether paymets will be made: every moth, or every three moths, or every six moths, or oce a year. Your icome will either remai level, or will chage every year by a selected amout. This is show i your policy schedule. LV= Pesio Auity Policy Coditios If your policy schedule shows that your auity icome will chage each year i lie with chages to the RPI. We will use the chage to the RPI over the 12 moth period edig three moths before your policy aiversary. We use this to calculate your icome for the followig year. This meas that your icome ca go up or dow from oe year to the ext. If the RPI stops beig published we will use a similar published idex. We will pay all regular icome o the paymet due date, or the workig day immediately before this. We will pay the last regular icome paymet o the paymet date that falls o or before the day you die. We may cotiue to pay regular icome after you die, depedig o whe you die ad the beefits show i your policy schedule, as described i sectio B. 8

9 Sectio B Moey we pay after you die This sectio tells you what beefits we will pay to your depedat, omiated beeficiary, or to your estate after you die, depedig o what optios you ve chose. The optios you ve chose are show i your policy schedule. If you ve ot chose ay death beefits your icome will stop whe you die, ad o further beefits will be paid. B1 Who we will pay death beefits to This depeds o what types of beefits are i your policy ad the optios you ve chose. The followig table shows you who we ll pay ay death beefits to: Optios you ve chose a depedat s auity a guarateed paymet period with a cotiued regular icome a guarateed paymet period payable as a lump sum value protectio Who we ll pay death beefits to We will pay this to the depedat show i your policy schedule (if they are still alive). If you die before the ed of this period we will pay the icome at our discretio. We will take ito accout your omiated beeficiary details, but are t boud by this. We will pay this at our discretio takig ito accout your omiated beeficiary details, but are t boud by this. We will pay this at our discretio takig ito accout your omiated beeficiary details, but are t boud by this. B2 If you die before the ed of a guarateed paymet period This sectio oly applies if you ve chose a guarateed paymet period ad you die withi this period. If you ve chose a guarateed paymet period a further beefit may be paid from your auity after you die. If you ve chose this optio this is show i your policy schedule. LV= Pesio Auity Policy Coditios The followig table shows you what we pay depedig o whether you ve chose the cotiued regular icome or lump sum optio: If you ve chose a guarateed paymet period payable as a cotiued regular icome We will cotiue payig the icome, for the rest of the period. The icome will either stay the same, or will chage every year by the same percetage as your auity icome would have doe if you were still alive. If you ve chose a guarateed paymet period payable as a lump sum We will pay the total of the paymets due for the rest of the period as a lump sum. This lump sum is subject to a tax charge. (which is curretly 55%) 9

10 If we pay this as a lump sum, we calculate this usig your auity icome we would have paid you if you had survived util the ed of the guarateed paymet period. If your auity icome chages each year i relatio to the RPI, we will assume the same level of chage i RPI which we applied to your auity icome immediately before you died also applies for the rest of your guarateed paymet period. The followig table shows you what happes if you ve chose a guarateed paymet period with a lump sum: If your policy oly icludes oe auity The maximum lump sum that we ca pay is the auity purchase price (for OMOs ad scheme pesios we use the total paymet received) less the total of all the auity icome already paid to you. If your policy icludes more tha oe auity These rules apply separately for each auity This meas that the maximum lump sum that we ca pay for ay auity is the proportio of the auity purchase price (for OMOs ad scheme pesios we use the total paymet received) used to buy that auity less the total of all the auity icome already paid to you for that auity. If you die withi a guarateed paymet period, ad the total of all auity icome already paid to you is greater tha the amout used to buy your auity, we caot pay a lump sum. Istead we will cotiue payig the icome for the rest of the period. Example David is 65 whe he decides to use his pesio fud of 100,000 to buy a LV= Pesio Auity icreasig by 5% a year with a te year guarateed paymet period, to be paid as a lump sum. Just before the sixth aiversary of his icome start date David dies havig already received auity icome of 34,000 from 72 mothly paymets. Whe he dies David s auity icome has bee 500 a moth for the last 12 moths. We will calculate the lump sum as follows: Firstly we work out the umber of paymets yet to be paid: LV= Pesio Auity Policy Coditios total guarateed paymet period of te years = 120 mothly paymets less 72 mothly paymets already paid leavig 48 paymets to be paid as a lump sum As David chose his auity icome to icrease i paymet by 5% a year this would mea the mothly icome he would have received over the ext four years would have bee: first year secod year third year fourth year = 500 x 1.05 = 525 a moth = 525 x 1.05 = a moth = x 1.05 = a moth = x 1.05 = a moth 10

11 We would the calculate the lump sum by addig together all the mothly paymets yet to be paid: ( 525 x 12) + ( x 12) + ( x 12) + ( x 12) This equals = We will pay the lump sum paymet of 12, ( 27, less 55% tax of 14,934.55). If you ve chose a depedat s auity as well as a guarateed paymet period we will pay your depedat s auity either: from the ext paymet due date after you die, or after the ed of the guarateed paymet period. The optio you ve chose is show i your policy schedule. Example Geoff is 65 whe he decides to use his pesio fud to buy a level LV= Pesio Auity of 10,000 per year, with a te year guarateed paymet period. He also chose a amed depedat s auity of 50% of his auity, to be paid to his wife, Hele, after the guarateed paymet period. Ufortuately, five years after his icome start date, Geoff dies. As Geoff dies withi the guarateed paymet period, we will pay Geoff s yearly auity of 10,000 to Hele for the rest of the guarateed paymet period. After this, if Hele is still alive, we will pay her the depedat s auity of 5,000 per year for the rest of her life. B3 If you ve chose value protectio This sectio oly applies if you ve chose value protectio. If you have chose this optio a further beefit may be paid from your auity after you die. Your policy schedule will show you the amout of value protectio you ve icluded i your auity. LV= Pesio Auity Policy Coditios If you also chose a depedat s auity we will pay your value protectio lump sum after both you ad your depedat die. If you have t chose a depedats auity, we will pay your value protectio lump sum whe you die. 11

12 The followig table shows you how this works for just oe auity ad if your policy icludes more tha oe auity: If your policy oly icludes oe auity We will pay your chose value protectio lump sum, less the total of the auity icome already paid to you ad your depedat, if ay, less tax (which is curretly 55%). If your policy icludes more tha oe auity These rules apply separately for each auity. This meas we will pay: your chose value protectio lump sum for each auity less the total of all the auity icome already paid to you ad your depedat (if ay) for that auity less tax (which is curretly 55%). Example Breda is 65 whe she decides to use her 100,000 pesio fud to purchase a LV= Pesio Auity with 100% value protectio. She also chose a amed depedat s auity to be paid to her husbad, Joh. Ufortuately, seve years after her icome start date Breda dies, havig bee paid a total of 50,000 of auity icome before tax. At this poit we pay the depedat s auity to Joh. Four years later, Joh also dies, havig bee paid a total of 30,000 of auity icome before tax. As there is a depedat s auity, we will oly pay the value protectio lump sum after both Breda ad Joh have died. The amout payable is the origial value protectio amout of 100,000 less the combied auity icome of 80,000, which equals 20,000. We will pay the lump sum of 20,000 (less 55% tax of 11,000) = 9,000 after Joh dies. LV= Pesio Auity Policy Coditios B4 If you ve chose a depedat s auity This sectio oly applies if you ve chose a depedat s auity. The type of depedat s auity you ve chose ad the proportio of your icome they will receive is show i your policy schedule. Whe you die we will pay a depedat s auity to: a amed depedat, or your survivig spouse or civil parter if you ve chose a ay spouse basis. 12

13 If you ve chose a depedat s auity ad you die withi a guarateed paymet period see sectio B2. If your auity does t iclude a guarateed paymet period, or you die after the ed of a guarateed paymet period, we will pay a depedat s auity from the ext paymet due date after you die. Depedat is your spouse or civil parter If the amed depedat was your spouse or civil parter whe your auity started as log as they are still alive we will pay them a depedat s auity. If you ve chose a depedat s auity for your spouse or civil parter o a ay spouse basis, ad you do t have a spouse or civil parter whe you die, the we wo t pay a depedat s auity. Depedat is t your spouse or civil parter If you ve chose a depedat s auity for a amed depedat (other tha your spouse or civil parter), ad they die or are o loger depedet o you whe the depedat s auity is due to start, the we wo t pay a depedat s auity. If we pay a depedat s auity, we will cotiue to pay this o the day of, or the workig day before, the paymet due date, util the depedat dies. The icome will either remai the same, or will chage each year by the same percetage as you ve chose for your auity. We will pay the last regular icome paymet o the paymet date that falls o or before the day they die. After they die we wo t pay aythig else, uless your auity icludes a guarateed paymet period with a cotiued regular icome ad you both die withi this period, or if your auity icludes value protectio. Sectio C Geeral coditios C1 Who ows your auity Who ows your policy ad the form i which we pay your beefits depeds o who the purchaser is. If your policy schedule shows the policy ower as LV Persoal Pesio Scheme, you are the ower ad we will pay the auity beefits i lie with the rules of the LV Persoal Pesio Scheme ad these policy coditios. LV= Pesio Auity Policy Coditios If your policy schedule shows the policy ower as the trustees or admiistrator of your origial pesio scheme, they are the ower ad we will pay the auity beefits i lie with the rules of that scheme. C2 Charges built ito your auity We take off a charge at the start of your policy to cover the set up costs, as well as a yearly admiistratio charge. We take these ito accout before we calculate your startig auity. All of our costs are take ito accout whe we calculate your startig auity. This meas we wo t apply further charges to your policy, uless we are asked to chage your policy i ay way. 13

14 C3 Medical or lifestyle evidece we may ask for from you or your depedat Withi six moths of issuig your policy schedule, we may ask for evidece that the medical ad lifestyle iformatio you or your depedat gave us is correct. This is because the level of auity we pay you or your depedat is based o the aswers you give us i the health ad lifestyle questios i your quote request form ad applicatio form. So it s importat that your medical details are correct ad up to date. If this is ot the case, you may wat to cotact your doctor. If your doctor caot cofirm the medical ad lifestyle iformatio you give us, the we will ask you to give us further medical evidece. If you caot do this we will reduce the auity icome to the amout we would provide if you were i good health ad a o-smoker at the start date of your policy. If we have paid you ay auity icome which is more tha this amout we will take this from your future auity icome. If we decide to reduce your icome we will let you kow withi six moths of the date the policy schedule is issued. C4 Other evidece we may ask for from you or your depedat We may eed to see evidece, such as a passport as evidece of your ame ad age, before we pay moey out from your policy or make ay chages to your policy. We recogise that these are valuable documets that other people may eed to see at the same time. We will look after the documets carefully, ad retur them quickly. From time to time we may also ask for evidece that you, or whoever is receivig the auity icome, are still alive. Whe you die we will ask for evidece of the date you died. Ad, before we start payig a depedat s auity we will ask for evidece that they are still alive ad still depedet o you. C5 How auity paymets are taxed We take off icome tax from your auity icome uder the Pay As You Ear (PAYE) system. If your tax code chages the the amout of icome tax you pay will also chage. How much tax you pay depeds o your persoal circumstaces. Ay refereces we make to taxatio are based o our uderstadig of curret legislatio ad HM Reveue & Customs practice, which ca chage. LV= Pesio Auity Policy Coditios C6 Other deductios which may reduce your auity beefits From time to time we may eed to pay a tax, duty or other paymet from your policy due to a law, order or regulatio. If we eed to do this we will let you kow as soo as possible. C7 Overpaymets We will of course do our very best to make sure we set up your auity correctly ad pay you the correct regular icome, ad tax free cash paymet if applicable. However, if we do make a mistake we will chage the amout we pay you ad claim back ay moey that we ve mistakely paid out. Of course, if we do this we will let you kow as soo as possible ad before we claim back ay moey. Also, if we cotiue to pay ay regular icome after it should have stopped, for example after you die, we will claim back ay moey that we ve mistakely paid out. Agai, if we do this we will let you kow as soo as possible. 14

15 C8 Whe your policy starts Your policy will start o the day we receive your completed applicatio form. However we will oly be able to begi payig your icome whe we have received the fuds from your previous pesio scheme. We call this your icome start date. Your start date ad icome start date will be show o your pla schedule. C9 Whe we ca chage the amout of your auity before your icome start date We show you how much icome you might get i your persoal quote. We show you o your quote how log it is guarateed for o the quote guaratee date. If we receive your applicatio ad fuds from your previous pesio scheme after the quote guaratee date, we caot guaratee that the auity rate will stay the same. If the auity rate we offer you because of this is reduced by more tha 1%, we will let your fiacial adviser kow ad you will have 5 days to let us kow if you o loger wish to proceed. LV= Pesio Auity Policy Coditios C10 Whe we ca chage the amout of your auity after your icome start date We have desiged your policy with the aim that the amout of your auity wo t chage (uless you ve chose a icreasig icome). We work out the auity for your policy based o our curret uderstadig of: the way your policy is taxed, ad the factors that we re legally able to take ito accout. We could oly chage the auity after the icome start date of your policy for the followig reasos: You ad your doctor caot provide evidece of ay medical ad lifestyle iformatio we ask for, as explaied i Coditio C3 Chages to legislatio that affect the way its taxed Chages to legislatio that affect the factors we ca legally use A decisio by a UK court or the Europea Court of Justice that affect the factors that we ca take accout of To comply with a court order, for example if you get divorced These are the oly times whe we ca chage your auity. We ca t chage your auity for ay of the followig reasos: To icrease our profits To make up for ay losses we ve made i the past If there have bee ay chages i your health sice the start date of your policy If the chage would mea that it became a uauthorised paymet uder the pesio tax regime. If your auity is goig to chage we will let you kow at least 30 days before we chage it. C11 Currecy Every paymet ito or out of your policy must be to a UK bak accout i the UK currecy, which is curretly pouds sterlig. C12 The law that applies to your auity The policy is govered by the law of Eglad as applied by the courts for that part of the UK where you live. We will always commuicate i Eglish. 15

16 LV.com Liverpool Victoria Friedly Society Limited: Keyes House, Tilehouse Street, Hitchi SG5 2DX. LV= ad Liverpool Victoria are registered trade marks of Liverpool Victoria Friedly Society Limited (LVFS) ad LV= ad LV= Liverpool Victoria are tradig styles of the Liverpool Victoria group of compaies. LVFS is a member of the ABI, AFM ad ILAG. Authorised ad regulated by the Fiacial Services Authority, register umber NM Pesios Trustees Limited, (registered i Eglad No ), act as Trustees ad Scheme Admiistrators. Authorised ad regulated by the Fiacial Services Authority, register umber Registered address for all compaies: Couty Gates, Bouremouth BH1 2NF. Tel: /12