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Talent management

Our continued commitment to developing our internal pool of talented and ambitious people saw us launch our second LV= ‘Inspire’ programme this year. The programme provides the opportunity to gain hands-on experience in various business units across LV= through a series of rotating placements lasting between three and five months. Supported by executive sponsors who provide coaching and mentoring, the programme is designed to support delegates in identifying their key skills and interests and guide them on to the next stage of their career development.

We have also continued to support the growth of our digital talent and launched a second intake of digital apprentices. With Bournemouth being recognised as the fastest-growing digital economy in the UK, we have partnered with Bournemouth and Poole College in being one of the first financial service companies to launch the Government backed apprenticeship scheme in digital.

Green icon of a house

6.8%
of our people now
work from home


Green icon of a heart

95%
of our people believe our values are clear

Employee Engagement

We are committed to being an employer of choice and we believe that by providing an environment where our people are valued and empowered to do their job, we will have the right people to provide an outstanding service to our customers.

We have built a culture that values its people, their opinions and their needs, a place where our employees are encouraged to make their own decisions so they can demonstrate the LV= difference and feel good about working for us.


Reward and recognition

We are committed to making sure our people are rewarded fairly through the regular review of our pay levels to ensure they are competitive both internally and externally with market rates. We pay all our employees at least the Living Wage rates of pay. In 2016, the average full time employee salary was £31,500 (2015: £30,800). In addition to basic pay, all our employees participate in an incentive scheme which is structured around both individual and business performance. In 2016 the average bonus was 8.6% of bonus-able earnings.

All employees automatically become members of the LV= Pension Plan when they start working for us. They also have access to the LV= Pensions Village which allows them to track their contributions and the impact contribution levels will have on their retirement plans.

Green icon of two people

85%
of our people are able to balance their work
and personal responsibilities

Source for all statistics: LV= Annual Report for the year ended 31 December 2016.


Find out more about our people and culture

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Our people and culture