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.

July 2020

Coronavirus takes its toll on UK’s mental health

About LV=: LV= is a leading financial mutual. 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 to people of modest means. Today we follow a similar purpose, helping…

LV= simplifies pension range charging structure

LV=, the retirement and protection specialist, is introducing a new charging structure for pensions taken out from July 2020.  The changes have been introduced following a market review and research with financial advisers, and are designed to ensure LV=’s range of pensions remain easy to…

Half of brits take the opportunity to staycation somewhere new this summer

25 million (48%) UK adults are planning a UK holiday this summer UK adults will drive 310 miles getting to and from staycations LV= Britannia Rescue provides top tips to help ensure your car is ready for long journeys this summer With lockdown restrictions further easing from this weekend,…

June 2020

LV= statement regarding press speculation

The board of Liverpool Victoria Financial Services Limited (“LV=”) notes the recent press speculation regarding a possible transaction in relation to its business. LV=’s Board is fully committed to maximising long term value for its members and is therefore assessing a wide range of…

LV= General Insurance voice skill answers first 1000 questions

LV= General Insurance’s voice skill for Amazon Alexa and Google Home Assistant has passed 1000 questions successfully answered, with a number of these relating to the impact of Covid-19. Since its launch in January of this year, the industry-first voice skill has been available for customers…

LV= Processes nearly 500 Coronavirus claims worth £3.7m

Protection specialist LV= has handled £3.7m in coronavirus-related income protection and death claims to 470* individuals and families. Personal sick pay Two months after its first COVID claim, LV= has paid out 150 pandemic-related claims to policyholders with short waiting period Personal Sick…

May 2020

LV= introduces premium reduction option for protection policies

Protection specialist LV= is introducing a premium reduction option for existing protection policyholders, providing additional support and reassurance for those suffering financially through COVID. Customers with income protection, critical illness, life insurance and business protection policies1…

Mental health accounts for 29% of LV= Income Protection claims

Figures from protection specialist LV= reveal claims for mental health account for 29% of income protection claims. As part of Mental Health Awareness Week (18-24 May), LV= is highlighting the support services available for members struggling with mental health issues. The theme for Mental Health Awareness…

LV= GI's top 10 tips to avoid being a victim of lockdown fraud

Regrettably, whilst most of us are pulling together to comply with Government guidelines to protect the NHS and save lives, some individuals are looking at theCovid-19 pandemic as an opportunity to take advantage of the very natural fears and anxiety we all experience. As a company, we’ve seen…

LV= Pays £2.5m for nearly 300 Coronavirus claims

Protection specialist LV= has paid out more than £2.5m in coronavirus-related income protection and death claims to nearly 300 individuals and families. Up to 30 April 2020, LV= paid out 146 COVID- related claims to policyholders with short waiting period Personal Sick Pay policies*. All these…

LV= makes £30m available to help those struggling financially from Covid-19

The £30 million will help those customers experiencing financial difficulties. Support being provided to car and motorbike insurance customers. Savings are being passed on to customers as a result of reduced claims during lockdown. LV= General Insurance (LV= GI) has today announced…

April 2020

LV= Protection claim payouts hit £100 million in 2019

  New figures reveal that protection specialist LV= paid record individual protection claims totalling £100 million during 20191. LV= supported more than 8,1001 claimants and their families paying 94% of all individual protection claims including life, critical illness and income protection. LV=…

How LV= is helping suppliers at this difficult time

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…

March 2020

LV= Announces 2019 Financial Results

Mutual life pensions and investments group LV= announces its financial results for the year to 31 December 2019 and publishes its annual report. Strategic and operational highlights: Completed the sale of LV= General Insurance to Allianz. Converted from a friendly society to a company limited…

February 2020

Time for green L plates? LV= calls for overhaul of UK driving test

Over three quarters (77%) of drivers think the UK driving test should be adapted for electric cars, rising to 92% of electric car drivers One in three (29%) drivers are considering buying an electric car in the next five years LV= General Insurance and IAM RoadSmart call on the DVSA to…

Retire? No thanks – We’ll carry on working

Staggered retirement is becoming popular among pensioners who want to preserve their pension fund into later life More than a third (35%) of these people not drawing their pension rely on their partner’s income Research from LV= reveals how many pensioners are opting for a staggered…