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.

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…

LV= Busts the myths preventing drivers going green

Electric models such as the Renault Zoe are cheaper to insure than the ICE equivalent  Concerns about battery range, charging infrastructure and cost are the biggest barriers to people entering the electric vehicle market Drivers believe electric vehicles are twice as expensive to run and can’t…

LV= agrees transaction with Bain Capital

Delivers an excellent financial outcome for members with greater security and enhanced distributions for With-profits members Follows a Board-led, comprehensive and rigorous strategic review Maintains competition and choice for customers and IFAs in the UK market by supporting LV=’s…

18m say their finances have worsened during second lockdown

• 20% (10m) UK adults said their income has decreased over past three months • 26% (13m) UK adults expect their finances to worsen over next three months as drops in income continue  Research from pensions and retirement specialist LV= highlights how the finances of UK adults are being…

November 2020

Coronavirus outbreak leaves young people turning to bank of gran and grandad

More than one in 10 over 65s have offered financial help to family and those aged 18-34 are most likely to have received financial help from friends/ family  Covid-19 has disrupted retirement plans for many of those aged 55-64 Research from LV=, life and pensions provider, highlights…

LV= Broker awarded ICS ServiceMark Accreditation

After the rollercoaster of a year it’s been, I’m delighted to share that LV= Broker has been awarded the   prestigious ServiceMark Accreditation from the Institute of Customer Service (ICS). It’s an accreditation that can only be achieved with the help of our people…

LV= strengthens its partnerships and intermediary business with new appointment

LV= General Insurance (LV= GI), the third largest personal lines insurer in the UK, has today announced the appointment of Simon Hird as its new Partnership Director, with immediate effect.  In his new role, Simon will be responsible for leading LV= GI’s Partnership and Intermediary business…