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 2021

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

About LV= LV= is a leading financial mutual and serves over 1.3 million members with a range of financial products. When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving…

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

About Liverpool Victoria General Insurance Group Limited LV= General Insurance provides car, home, pet, travel, landlord breakdown and home emergency insurance to over 7 million customers in the UK. We’re the UK’s third largest personal lines insurer with just over £2 billion…

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

Covid pandemic pushes more than 154,000 55-64 year olds into early retirement

Redundancies, wage cuts and rethinking priorities make many take early retirement 4% (211,000) 55-64yr olds say job loss or reduced income has led to them accessing pensions savings to supplement income Research from pensions and retirement specialist LV= highlights how the coronavirus pandemic…

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…