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LV= appoints Steve Sarjant to with-profits committee

Press release: 13/04/2015

Insurance, investment and retirement group LV= has appointed Steve Sarjant as a non-executive member of its with-profits committee. Graham Berville will continue as chairman of the committee taking total membership to five.

Steve joins LV= with over 30 years' experience in financial services. Before retiring in 2011, Steve was managing director, global head of mergers and acquisitions for risk consulting and software at Towers Watson. During his career he worked on a number of high profile insurance company mergers and acquisitions.

In total Steve spent 20 years at Towers Watson (previously Watson Wyatt) in a number of roles including London practice leader and member of the global management team for Watson Wyatt’s insurance and financial service practice.

Prior to joining Towers Watson, Steve worked at Criterion Assurance Group and National Provident Institution in a variety of roles. Steve graduated from the University of Bristol with a BSc in Mathematics in 1982 and subsequently trained as an actuary.

He is a fellow of the Institute and Faculty of Actuaries and currently a non-executive director and chair of the risk committee at Pension Insurance Corporation. He has previously been an independent member of the with-profits committee of Prudential Assurance.

I am delighted to be joining LV= and look forward to working with Graham Berville and the with-profits committee in helping to ensure that the rights and interests of with-profits policyholders continue to be addressed appropriately by the board.

Steve Sarjant, commenting on his appointment

Steve brings a wealth of experience to LV= and it is excellent to have someone of his calibre on board. Our with-profits committee is responsible for upholding the highest possible standards for our with-profits policyholders, of which we have over 450,000, so it plays a highly important role. I look forward to working with Steve to ensure we continue to offer market-leading returns and excellent customer service to our policyholders.

Mark Austen. LV= Chairman

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For further information please contact:

Emma Banks, emma.banks@lv.com, 0208 256 6714 / 07894 158 605


LV=

LV= employs 6,000 people and serves over 5.5 million customers with a range of financial products. We are the UK's largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trade unions.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.