Liverpool Victoria (LV), the mutual insurance company with 5 million customers is looking to simplify advice to the retirement market. A forward thinking Technology Company, they are one of the first to aid advisers service ‘middle Britain’ with an online advice service.
Clear Online Retirement Advice (Cora) is designed to plug the gap of those mass market customers who may be turned away by advisers through simply no having enough to warrant the require regulatory administration work.
LV are one of the prominent and trusted retirement brands who have always been proactive in leading the way in retirement products. They understood the magnitude of the retirement market long before the pension freedoms where announced and offered a suite of products to suite all requirements.
The latest innovation sees an online recommendation service costing around £199 initially with a full cost of £499 should the recommendation taken up and a product arranged.
Cora is designed to streamline the process of providing financial advice, producing a report and recommendation, saving time and money which will then be passed onto the consumer.
CompareDrawdown salutes such moves by the insurance company sector as it aims to service an ever increasing demand for income drawdown.
Cora has been designed in conjunction with Wealth Wizards, the online pension advice experts.