Press release archive

Browse through our archived press releases, statements and blogs

This section is designed to give journalists and commentators the latest news and comment from LV=. Customers should not rely on the information within these pages to form the basis of investment or other financial decisions. If you're a customer looking for information on our products and services, please visit our main website.

January 2021

From bonfires to blockages, LV= reveals lockdown home insurance trends

With more time being spent in the garden last year, fire claims from bonfires doubled. Thefts within the home down 34% vs thefts from gardens up 21%. Increase in claims for blockages and tech damages as people continue to work from home. With the country going back into lockdown, LV= General…

Consulting a financial adviser is key to feeling confident about retirement

Only 41% of non-retired UK adults are confident they’ll have saved enough for retirement But taking financial advice boosts confidence - 65% of those who have consulted a financial adviser are confident they’ll have saved enough for retirement  Those confident about retirement…

ECB and LV= General Insurance launch multi-year partnership

LV= General Insurance to become the title partner for England Men’s and Women’s domestic Test Series’ – including the 2023 Ashes Series – and the County Championship for the next three years Today’s announcement follows last November’s launch of #Funds4Runs,…

December 2020

Using Data Science for social good

Every day, a vast amount of data is being generated across every industry, including the public sector. Analysing this raw data to extract meaningful information is of the utmost importance, because it equips decision makers with the most recent intelligence. In most cases, however, the sheer volume…

LV= Busts the myths preventing drivers going green

Electric models such as the Renault Zoe are cheaper to insure than the ICE equivalent  Concerns about battery range, charging infrastructure and cost are the biggest barriers to people entering the electric vehicle market Drivers believe electric vehicles are twice as expensive to run and can’t…

LV= agrees transaction with Bain Capital

Delivers an excellent financial outcome for members with greater security and enhanced distributions for With-profits members Follows a Board-led, comprehensive and rigorous strategic review Maintains competition and choice for customers and IFAs in the UK market by supporting LV=’s…

18m say their finances have worsened during second lockdown

• 20% (10m) UK adults said their income has decreased over past three months • 26% (13m) UK adults expect their finances to worsen over next three months as drops in income continue  Research from pensions and retirement specialist LV= highlights how the finances of UK adults are being…

November 2020

Coronavirus outbreak leaves young people turning to bank of gran and grandad

More than one in 10 over 65s have offered financial help to family and those aged 18-34 are most likely to have received financial help from friends/ family  Covid-19 has disrupted retirement plans for many of those aged 55-64 Research from LV=, life and pensions provider, highlights…

LV= Broker awarded ICS ServiceMark Accreditation

After the rollercoaster of a year it’s been, I’m delighted to share that LV= Broker has been awarded the   prestigious ServiceMark Accreditation from the Institute of Customer Service (ICS). It’s an accreditation that can only be achieved with the help of our people…

LV= strengthens its partnerships and intermediary business with new appointment

LV= General Insurance (LV= GI), the third largest personal lines insurer in the UK, has today announced the appointment of Simon Hird as its new Partnership Director, with immediate effect.  In his new role, Simon will be responsible for leading LV= GI’s Partnership and Intermediary business…

LV= launches four Investment Pathways funds

• LV= is among the first to market with Investment Pathways funds designed for non-advised consumers drawing an income from pensions Retirement income specialist LV= has launched four Investment Pathways funds designed to provide customers with a range of packaged investment choices as they consider…

£1m #funds4runs initiative launched by ECB and LV= general insurance

England and Wales Cricket Board has partnered with LV= General Insurance to financially support focus areas of the grassroots cricket community that have been impacted by COVID-19 with a £1million investment fund #Funds4Runs will directly help four key areas recover and rebuild - children…

October 2020

LV= reintroduces shorter waiting periods for personal sick pay

• Re-introducing day 1 and 1 week waiting periods for new policies Protection specialist LV= is re-introducing day 1 and 1 week waiting periods for its specialist income protection offering, LV= Personal Sick Pay*. Along with a number of other providers, LV= withdrew short waiting period options…

LV= anticipates rise in cancer claims in 2021

Critical illness claims for cancer fell 45% during lockdown in April 2020 Fall in diagnoses and referrals is expected to lead to rise in claims in 2021 Protection specialist LV= has experienced a significant drop in cancer claims due to the impact of coronavirus lockdown. In April 2020, LV=…