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Catch up with the latest press releases from LV=

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LV= Asset Management Head of Property Investment Awarded 'AAA' Citywire Rating

Press release: 15/04/2010

Howard Meaney, Head of Property Investment at LV= Asset Management (LVAM), the fund management arm of mutual insurance and investment group LV=, has received an AAA Citywire rating.

He is responsible for the £80 million LV= UK Property Fund, as well as the LV= Group’s other property assets, totalling approximately £700 million. The significant majority of these assets are directly invested in the UK commercial property market.

The AAA rating – the highest that Citywire awards, is based upon three-year risk-adjusted returns relative to the peer group, to the end of March 2010. A conservative approach to the property market has resulted in attractive returns for investors combined with low volatility and has doubtless been a contributory factor in achieving the rating.

Howard comments: “We take a traditional approach to property investment, focusing on quality assets with good tenant covenants, where we can develop value over time. We aren’t trying to chase the market through significant equity bets or sector rotation – property is a long-term asset class and that’s how we manage our portfolios.”

Ann Roughead, Managing Director of LVAM adds: “We’ve been managing UK commercial property portfolios since the 1920s and have a well-established philosophy and a process that works. Under Howard’s direction, our Property team, including Charles Maxlow-Tomlinson and Henry Webber are preserving that heritage and delivering against our promise to investors.”

LV= UK Property Fund is marketed directly to advisers, is available via leading platforms and wraps and a linked pension fund variant is offered via the LV= Retirement Solutions business.


LV= is a registered trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs around 4,000 people, serves over 3.8m customers and members, and manages around £7.7bn on their behalf, via LV= Asset Management (LVAM). We are also the UK’s largest friendly society and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.