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.

April 2022

5m adults say their living costs have risen by at least £500 a month

Average living costs for consumers have risen by about £2,600 a year and one in 10 of those with extra living costs say they are struggling to pay for food and heating Inflation is eroding their savings but only a third of consumers are considering moving money into higher-risk investments  Research…

22m expect their finances to worsen over next three months

Rising prices have badly dented consumers’ confidence and those in retirement are faring particularly badly  The proportion of people who expect their finances to deteriorate in the next three months is at its highest since LV= survey began People continue to spend…

LV= protection claim payouts hit £119 million in 2021

Payouts supported 9,000 families Covid claims hit almost £12m and accounted for 16% of life insurance claims Protection specialist LV= paid record individual protection claims totalling over £119 million during 2021. LV= supported more than 9,000 claimants and their families…

March 2022

LV= announces 2021 financial results

Significant operational progress made towards a sustainable future. Life, pensions and investments business LV= announces its financial results for the year to 31 December 2021 and publishes its annual report. Operational highlights: Outperformed targets for sales and profitability and enhanced…

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 …