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.

May 2021

11m women are exhausted due to added pressures of the pandemic

Research from protection specialist LV= reveals how the coronavirus pandemic is impacting the nation’s mental health.  The latest findings in the LV= Wealth and Wellbeing Monitor indicate that: Women’s mental health has been affected more than men’s by the Covid-19 crisis …

14m Britons fear falling victim to pension scams

14% (7.6m) adults say they have received unsolicited emails, texts, call from people encouraging them to transfer or release money from their pension Nearly half 47% (25m) say pension scams are hard to spot, but only a third (32%) say they know how to report a scam 38% (20m) people want…

April 2021

LV= adds pension to smoothed managed fund range and improves charging structure

Smoothed Pension starts smoothing from day two Tiered charging structure now includes aggregated fund discounts based on holdings across multiple LV= Smoothed Managed Funds Savings and retirement specialist LV= is launching Smoothed Pension to complement its range of Smoothed Managed…

5.8m plan to use their home to help fund retirement

Consumers increasingly expect financial advisers to consider property as part of retirement planning Consumers would be most likely to consider equity release if they needed to make home improvements for medical/ mobility reasons Research from savings and retirement specialist LV= highlights…

4.4m save over £10,000 due to covid restrictions

72% (38m) UK adults said that in the last 12 months their household saved money as a result of reduced spending due to Covid-19 (E.g. reduced commuting costs, childcare costs, eating out costs Those that saved money saved on average nearly £5,500 during the last 12 months, but one in…

March 2021

Nearly 10m expect their finances to improve over the next three months

Vaccine roll-out leads to big fall in number of people worried about contracting covid  Although millions still worry about state of their finances and future earnings, sentiment is improving Research from pensions and retirement specialist LV= highlights how the financial confidence…

LV= announces 2020 financial results

Life, pensions and investments business LV= announces its financial results for the year to 31 December 2020 and publishes its annual report. Strategic and operational highlights Completed comprehensive strategic review and announced sale to Bain Capital Credit representing an excellent outcome…

Over eight million uninsured adults aged 25-44 now considering income protection

Research from protection specialist LV= shows that the coronavirus pandemic is encouraging people to consider taking out income protection (IP) insurance. The LV= Wealth and Wellbeing Monitor*- which tracks the behaviour of 4,000 UK consumers - reveals: 8.3m (48%) of 25-44 year olds with no IP…

LV= Coronavirus claims total more than £12m

LV= supported over 1,400 policyholders and families with COVID- related clams, paying out over £12million  Demand for LV= mental health support has risen more than five-fold Figures from protection specialist LV= show life insurance, critical illness and income protection claims…

LV= protection claim payouts hit almost £118million in 2020

Covid claims hit £6.5m and accounted for more than 10% of death claims LV= expects cancer and mental health claims to rise over next 12 months Pandemic sparks rise in demand for remote health and welfare services Protection specialist LV= paid record individual protection…

LV= improves early repayment terms on lifetime mortgages

Savings and retirement specialist LV= is making changes to the flexible repayment option available across its Drawdown+ and Lump Sum+ Lifetime Mortgages.  LV= is reducing the minimum repayment amount to £50 and removing the 12-month waiting period, allowing repayments from day one of the…

February 2021

LV= upgrades Life Insurance terms

Life Insurance term changes are the latest in a series of improvements on protection policies over the past year Protection specialist LV= is extending its life insurance contract terms across several product lines to provide cover up to the age of 90. These changes will affect Life Protection,…

LV= introduces cashback offer for equity release applications

Savings and retirement specialist LV= is introducing a 1% cashback deal across its Drawdown+ and Lump Sum+ Lifetime Mortgages. The initial cashback offer, available until 16th April 2021, will be paid to customers on completion. Customers can choose how to use the money, for example, reduce the size…

LV= reveals January spike in accidental damage claims

Accidental damage claims spike in January as UK goes back into lockdown and home-schooling starts again Surge in claims not seen since April and May last year LV= GI reveals Spillages over laptops is the most common claim type, a record high of 22%  For many of us, we’ve been…

Nearly 7 million adults worry about access to medical treatment

3.7m (7%) of UK adults say they, or family member, have experienced delays to medical diagnosis, treatment or operation 13.7m adults – 26% of the adult population – say they have felt lonely or isolated over the past three months Parents are worried about the mental health of…

January 2021