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.

March 2022

LV= coronavirus claims total more than £19 million

LV= supported almost 2,000 policyholders and families with COVID-related claims, paying out over £19 million, since March 2020 LV= supported 300 existing policyholders with Payment Breaks, helping them keep their cover in place through times of financial hardship. Figures from…

LV extends protection range on Mortgage Advice Bureau’s protection panel

Mortgage Advice Bureau (MAB) is set to add the full LV= Flexible Protection Plan range of products and options to its protection panel.  LV= income protection plans have previously been available to MAB advisers, but from April 2022 they will be able to select LV= life insurance and the LV= combined…

30m parents want to leave wealth in their will

But only 41% have done so and 20m parents have not written a will 87% have not spoken to a financial adviser about the best way to pass on wealth 1m+ grandparents have given £10,000 to grandchildren Research from pensions and retirement specialist LV= highlights how millions of Britons…

February 2022

LV= appoints two new Non-Executive Directors

Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has appointed Suzy Neubert and Natalie Ceeney, CBE as independent Non-Executive Directors. Subject to regulatory approval they will join the Board on 1 March and replace David Barral, Alison Hutchinson…

9m adults change jobs during covid pandemic

Covid pandemic, lockdowns and working from home has prompted many to change jobs Pay rises (27%)  and a more enjoyable job (22%) were the most common reason for changing jobs More than half of job changers say they increased income but 18% took a pay cut 12% of job changers say…

LV= maintains payment break option to support vulnerable customers

Introduced in April 2020, payment breaks enable financially vulnerable members to maintain cover if they were experiencing financial difficulties  Now permanently open to vulnerable customers, eligible members unable to pay their premiums can apply for a maximum of three months …

LV= provides update on discussions with Royal London

LV= entered into merger discussions with Royal London at the start of the year. However, it has become clear to LV= that our different mutual models mean such a merger would not be in the best interests of LV= members. As a result, talks between the two companies have now ceased. Seamus Creedon, LV=…

LV= announces Board changes

Liverpool Victoria Financial Services Ltd (LV=), the 179 year old mutual insurer, today announces several changes to its Board of directors. With effect from 01 April 2022, and subject to regulatory approval, Seamus Creedon will take over as interim chair from Alan Cook who indicated his intention…

7.5m over-55s worry about rising prices

People aged 55-64 are now less confident about retirement than they were a year ago Over-55s are the group most likely to be worried about rising prices Research from pensions and retirement specialist LV= highlights how Britons approaching retirement are increasingly worried about rising…

January 2022

LV= launches more affordable critical illness cover

Protection specialist LV= is adding a more affordable variant of critical illness cover to its protection range, providing more choice and flexibility for customers at different life stages. The new LV= Life and Critical Illness Cover covers 41 conditions, including 39 full payment conditions and two…

13m expect their finances to worsen over next three months

The emergence of the Omicron variant has dented consumer confidence.  More people expect their finances to worsen over next three months and higher number say their finances have deteriorated over previous three months. People continue to spend more and save less as outgoings…

December 2021

Nearly 12m plan to increase christmas spending

Nearly half (47%) of those who are spending more say they are doing so because of rising prices But one in three who are spending more want to make up for a tough year and 27% say they will be spending money saved because of Covid restrictions Research from pensions and retirement specialist…

LV= announces result of the member vote at Members’ Meeting

LV= today announces the results of its Members’ Meeting.  This follows the outcome of the vote on the acquisition of the LV= business by Bain Capital at the Special General Meeting earlier today, with the result that the transaction with Bain Capital will no longer proceed. 69% of members…