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.

October 2022

September 2022

August 2022

4m retirees help out in cost of living crisis

Over 20m UK adults say they have helped family and friends financially in last six months  4.3m retired people have helped friends and family  The main reasons people gave money were to help with day to day costs and bills The average amount given £8,400 while those…

July 2022

Millions turn to family and friends for financial help

19m say they are struggling financially and 4m turn to family and friends for help A quarter of workers have less than £1,000 in savings and families with young children are most likely to have taken on unsecure debt to make ends meet Research from pensions and retirement specialist…

Mark Hartigan LV= chief executive to step down

Savings, investment and protection provider LV= today (Monday 18 July 2022) announced that Mark Hartigan, LV= chief executive, has confirmed his intention to step down as interim chief executive and a member of the board. The process to appoint a new, permanent, chief executive is already underway.…

23m expect their finances to worsen over next three months

The proportion of people who expect their finances to worsen in the next three months is at its highest since LV= survey began People continue to spend more and save less as outgoings continue to rise driven by rising inflation Research from pensions and retirement specialist LV= highlights…

June 2022

LV= pays more than £5m in income protection claims in first four months of 2022

Protection specialist LV= paid more than £5.4m in income protection and personal sick pay claims between January and April 2022.* LV= supported more than 1,276 people, including more than 700 income protection claimants aged between 23 and 63 with claims totalling £4.4m.  Personal sick…

1.5m retire with outstanding home loans

Research shows dream of mortgage-free retirement is over for millions of people Average amount owed is £43,000 but 165,000 said they retired with mortgages of more than £100,000 4.5m still working don’t think they will have paid off mortgage by age of 65 …

LV= announces appointment of new chair

Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has today announced the appointment of Simon Moore as its new chair. Simon Moore will join the board as LV= chair, subject to regulatory and other third-party approvals. He will succeed interim chair…

May 2022

LV= launches smoothed bond for cautious investors

One in five adults worry that inflation is eroding the value of their savings but nearly two-thirds are too worried about market volatility to consider moving their funds into higher-risk investments  LV= launches Smoothed Bond that now begins to average daily unit prices from day 2 until fully…

Millions want to stick with lockdown lifestyle changes

21m say life after lockdown has made more focused on their family And 18m say they want to continue working from home Research from pensions and retirement specialist LV= highlights how millions of UK adults want to keep lifestyle changes adopted during the Covid pandemic.  The LV=…

LV= expands smoothed managed funds range

Multi-asset funds smooth prices over six months to provide less volatile returns Savings and retirement specialist LV= is adding two funds to its Smoothed Managed Funds (SMF) range.  The new funds - Extra Cautious and Impact Growth - are risk-rated 2 and 6 respectively and broaden the LV=…

A third of people struggling financially also feel lonely

The theme for Mental Health Awareness Week 2022 is loneliness Findings from the LV= Wealth and Wellbeing Monitor show a link between loneliness and poor financial health Figures from protection specialist LV= reveal how financial problems have heightened feelings of loneliness…

April 2022

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

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…