Ray Chinn, head of LV= pension
LV= has added five Blackrock funds to its LV= Sipp in response to adviser demand.
The new funds are the Blackrock Consensus 35, Blackrock Consensus 60, Blackrock Consensus 70, Blackrock Consensus 85 and Blackrock Consensus 100.
The total expense ratio on the funds range from 0.23 per cent to 0.25 per cent. All are available via the low-cost personal pension element of LV='s Flexible Transitions Account and are fully transparent.
They join 172 existing insured funds available from LV=.
Ray Chinn, LV= head of pensions, said: "We have seen adviser demand for low cost investment solutions through our personal pension grow dramatically in the run up to RDR and beyond. With this in mind, the BlackRock Consensus Funds are a natural fit for us.
{desktop}{/desktop}{mobile}{/mobile}
"We regularly review our fund offerings and adding these BlackRock funds further broadens the investment choice already available through our Flexible Transitions Account. Advisers and their clients can now choose from pure index tracking funds, through to blended and risk rated; and all the way to actively managed solutions.
"As with all our funds these can be used in their own right or in combination with other funds in our range in accordance to a client's risk appetite again the Consensus Funds feature strongly here with their independent risk ratings."
Tony Stenning, head of UK retail at BlackRock, said: "We are excited to build upon our existing relationship with LV=. The five risk-targeted Consensus Funds were developed, with RDR in mind, to help clients create diverse, flexible and simple cost-effective investment solutions providing full access to BlackRock's experience and expertise."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
