LV= Flexible Transitions Account For UK Financial Advisers only LV= Flexible Transitions Account The complete Pension solution

LV= The Heart of Retirement ACCUMULATION CONSOLIDATION DECUMULATION Considering issues & options Planning for retirement Retirement review RETIREMENT INCOME FOCUS Managing throughout retirement CONSOLIDATION FOCUS Personal pension SIPP Retirement asset pool Consolidating assets ANNUITIES DRAWDOWN EQUITY RELEASE Enhanced Flexi-access Lump sum Asset Backed Partial Drawdown Fixed Term Phased Post-75 Safeguarding saving propensity Start saving Building up retirement assets Income protection PHASE Starting out Mid life Retiring soon At Retirement Early retirement years Later retirement years

Why Flexible Transitions Account? “It does exactly what it says on the tin” Flexible Your clients can switch investments when their circumstances change with no penalties or charges Transitions Your clients can easily move from accumulation to decumulation Account All of your client investments in one place to simplify financial planning for retirement

Flexible Transitions Account at a glance Accumulation and consolidation Regular or single contributions Pension transfers Choose from LV= Pension funds, extended choice and bespoke solutions Decumulation LV= Drawdown (including Phased, Partial, Flexi-access and Post 75) Income Tax free cash Full or partial transfer out to an alternative retirement product Pension Fund (extensive range of investment options) The complete solution for clients saving for retirement and enjoying their retirement

Who’s it suitable for? A single plan for clients who want: to save for retirement through single and/or regular contributions to consolidate existing pensions under one product for ease of management a wide range of investment options including funds with guarantees to access a lump sum either with or without taking an income flexibility on when to take income A single plan for advisers who want: support and technical knowledge from our retirement specialists assistance in managing the transfer process of existing pension policies for clients through our Transfer Value Analysis System (TVAS) service access to online quotations, policy servicing and valuations to choose from a range of charging options a product which can offer the full range of retirement options cost effective discretionary investment options to remove investment risk from your business

FTA investment options LV= Pension funds Extended choice Bespoke solution Risk Profiled Secure funds FGF Investec MAP Sector specific Geography Asset Commodities Passive collection Sector funds Multi-asset Passive plus Actively managed Multi-manager Risk rated DFM partners with automated cash management Including Fidelity tracker funds starting from only 7bps, an exclusive price only from LV=’ under LV= Pension funds

Access to our unique smoothed funds with guarantees Choice of Competitively priced funds Flexible Guarantee Financial Strength Ideal for clients in accumulation or drawdown Guaranteed Death Benefit Mutual Bonus Smoothed Fund Performance

Risk profiled funds Full details shown below of the range of funds in our portfolio that match clients’ attitude to risk once calculated through the Client Risk Profiling tool in Dynamic Planner®. 7IM AAP Mod Cautious 0.67% Blackrock Consensus 35 0.29% Fidelity Multi Asset Allocator Defensive 0.68% Invesco Perpetual Corporate Bond 0.94% Investec Multi Asset Protector 1.31% Threadneedle Managed Portfolio 3 1.22% 7IM AAP Balanced 0.67% Blackrock Consensus 60 0.27% Fidelity Multi Asset Allocator Strategic Fidelity Multi Asset Strategic 0.99% Invesco Perpetual Monthly Income Plus Jupiter Merlin Conservative Portfolio 1.25% M&G Property Portfolio 1.05% Schroder Multi-Manager Diversity 1.11% Schroder Multi-Manager Diversity Income 1.30% Schroder Managed Monthly High Income 1.02% Threadneedle Diversified Income 1.36% Threadneedle Managed Portfolio 4 1.24% 7IM AAP Mod Adventurous 0.70% Blackrock Consensus 70 0.26% Fidelity Multi Asset Allocator Growth 0.63% Fidelity Multi Asset Open Growth 1.19% Invesco Perpetual Distribution 1.08% Investec Cautious Managed 0.84% Jupiter Merlin Income 1.61% Newton Balanced (BNY MELLON) 0.86% Schroder Multi-Manager Diversity Balanced 1.24% Threadneedle Managed Portfolio 5 1.31% 7IM AAP Adventurous 0.78% Blackrock Consensus 85 0.23% Jupiter Merlin Balanced 1.70% Schroder Multi-Manager Diversity Tactical 1.32% Investec Multi Asset Protector 1.31% Threadneedle Managed Portfolio 6 1.38% Blackrock Consensus 100 0.27% Invesco Perpetual High Income 1.04% Invesco Perpetual Income 1.03% Jupiter Merlin Growth 1.74% Jupiter Merlin Worldwide 1.75% M&G Global Dividend 0.91% Schroder Multi-Manager UK Growth 1.30% Threadneedle Managed Portfolio 7 1.39% Fidelity Wealthbuilder 1.31% Schroder Multi-Manager International 1.26% For more information contact the LV= Retirement Desk on 08000 850 250 or email us at retirement@LV.com. Lines are open 8:30am - 5:30pm Monday to Friday. We may record and/or monitor your calls for training and audit purposes.

FTA charges and contribution limits Headline ‘wrapper’ charges LV= Pension funds Extended choice Bespoke solution Assets under £1m 0.25% 0.30% First £75K 0.55% Next £275K 0.35% Assets over £1m 0.10% Next £650K 0.20% Drawdown activation fees £175 for funds over £37,500*, £295 for funds under £37,500* (*after PCLS) No activation fee, charging structure moves to bespoke solution charging No activation fee Minimum contributions Single/transfer £20,000* £10,000 Drawdown £22,500 net of PCLS Regular – standalone £250pm* £250pm Regular – with minimum single £25pm Single/transfer additional contribution £1,000 gross Regular increases Minimum insured requirement N/A as all funds are invested in LV= Pension funds and/or Flexible Guarantee Funds £3,000 LV= Pension funds or £5,000 LV= Flexible Guarantee Funds £3,000 LV= Pension funds or £5,000 LV= Flexible Guarantee Funds A SIPP starting from only 25bps with 170 funds from leading investment managers plus guaranteed and protected funds. *total funds must be greater than £20,000 at the end of the first year to qualify

Ease of trade solutions Quote and Apply Risk Profiling Fund information and analysis: Morning star X-ray tool Back Office integration

LV= more than just a policy holder We’re proud to be mutual, our overriding objective is to grow member value. FTA customers become members with the following benefits: Member benefits Discounts on Car insurance Home insurance Member support Our Member Care Line offers free access to confidential advice and support from qualified professionals 24 hours a day, 7 days a week, including: Health, medical and lifestyle questions Counselling Legal questions & disputes 1% Mutual bonus declared in 2015 (payable to clients investing in the flexible guarantee fund) Clients who invest in the LV= flexible guaranteed fund as part of their retirement portfolio will be eligible for the mutual bonus. The bonus is dependant on the financial performance of the society and is targeted at 1% of members investments a year. It’s added on top of the impressive returns provided by the funds.

In summary FTA is suitable for clients saving for retirement and taking income in retirement A wide and extensive investment choice including guaranteed and protected funds within the LV= Pension funds option Very competitive pricing structure A range of tools and processes to save you time and money Your clients become part of the society with additional member benefits LV= are retirement specialists and will support you and your clients to select the appropriate solutions in retirement

This is for financial advisers only Not to be used after 31 July 2015 This presentation is based on our understanding of current and proposed legislation as at December 2014 applicable in England and Wales and HM Revenue & Customs practice which may change in the future. We cannot accept responsibility for any action arising as a result of the information contained in this presentation. Liverpool Victoria Friendly Society Limited, Keynes House, Tilehouse Street, Hitchin, Herts, SG5 2DX. LV= is a registered trademark of Liverpool Victoria Friendly Society Limited (LVFS) and is a trading style of the Liverpool Victoria group of companies. LVFS is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, register number 110035. Registered address: County Gates, Bournemouth BH1 2NF. Tel: 01202 292333. 21445223 12/14