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Catch up with the latest press releases from LV=

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LV UK Equity Income Fund rating

Press release: 19/07/2010

LV= Asset Management (LVAM), the fund management arm of insurance, investment and pensions group LV=, has received a Standard & Poor's 'A' rating for its LV= UK Equity Income Fund - the 10th S&P Fund Management Rating LVAM has received since establishing the majority of its fund range in December 2007.

Launched in January 2009, LV= UK Equity Income Fund is managed by Graham Ashby, Head of UK Equities. It has the objective of gaining a high level of income combined with long-term capital growth from investments principally in UK equities, achieving top quartile performance over the past six months.

Ashby, who joined LVAM in August 2009, heads a five-strong UK equities team. The team focuses on finding companies with healthy cashflows that can be used to pay dividends to shareholders and which have sustainable competitive advantage.

S&P commented: "Initial returns, although short, have been strong under Ashby. This, together with Ashby's decent long-term track record and support of a solid team, allows the fund to attain an S&P 'A' (New) rating."

Graham Ashby said: "It is excellent news that we have received this rating from S&P. It confirms my long-held view that careful bottom-up stock selection combined with sensible portfolio construction will deliver results for investors. We have made a good start to improving performance across the UK product range since joining last year and I am confident we can continue to do so in the future."

In order to reflect the fact that many UK-listed companies are moving towards quarterly dividend payments, LV= UK Equity Income Fund will, from 30 November 2010, pay income distributions to shareholders on a quarterly rather than half-yearly basis.

Notes to editors

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 £9.5bn (as at 30 June 2010) 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.