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.

August 2020

LV= launches equity release drawdown product and adviser portal

Savings and retirement specialist LV= is expanding its presence in the equity release market with the launch of a new platform supporting all its current products and the launch of a new drawdown product – Lifetime Mortgage Drawdown+. Using the LV= Equity Release Portal, advisers can produce…

July 2020

Coronavirus outbreak leaves one in three worrying about their finances

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,…

LV= extends and revamps flexible protection plan

Adds Family Income Benefit with monthly benefit payments, including guaranteed increase options and improved terminal illness cover With new Enhanced Children’s Cover including additional child-specific conditions, pregnancy complications and increased payments. LV= is making a series…

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…

June 2020

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= 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…

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=…

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

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…

LV= appoints Lynzi Harrison as heritage director

Savings, retirement and protection specialist LV= has appointed Lynzi Harrison to the newly created role of heritage1 director, reporting directly to Mark Hartigan, LV= Chief Executive. Lynzi is currently LV=’s customer experience director and joined in May 2019 from Old Mutual Wealth where she…

LV= introduces tiered charging structure on personal pension

LV=, the retirement and protection specialist, is introducing a tiered charging structure on its personal pension. Charges on the LV= Flexible Transition Account will be reduced for customers investing more than £100,000, and a client investing £300,000 into an LV= pension would pay a total…

January 2020

LV= makes substantial changes to critical illness cover

What's new? Enhanced comprehensive cover and support for cancer includes new payment at diagnosis  Wider coverage for children as standard now up to age 23 and new ’Junior option’ Extended and simplified enhanced payments, now including  enhanced organ benefit and…

December 2019

LV= joins Mortgage Advice Bureau Protection Panel

We’re only able to deal with enquiries from journalists, so if you are an LV= customer or someone with a general enquiry, please see the contact us section to find the right department to contact. Mortgage Advice Bureau (MAB) has added LV=’s Personal Sick Pay and Income Protection plans to its…

LV= refreshes income protection plan to support renters

• About 4.5m households in UK live in private rented accommodation • 38% of private renters have dependent children and 50% of all children born in 2018 lived in rented accommodation • Policyholders will benefit from free child cover and legal advice service to resolve landlord and tenancy…