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 2023

LV= appoints chief financial officer

Protection, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has appointed Stephen Percival as chief financial officer, subject to regulatory approval.  Stephen joins LV= from 15 May 2023 and replaces Barry Cudmore, who will be leaving LV= to take on a new…

LVFS announces results of its Tender Offer

Liverpool Victoria Financial Services Limited (the Offeror) announces today the results of its invitation to holders of its outstanding £350,000,000 6.50 per cent. Fixed Rate Reset Subordinated Notes callable 2023 due 2043 (ISIN: XS0935312057) (the Notes) to tender their Notes for purchase by…

LV= pays record £127m in individual protection claims

Payouts in 2022 hit record level with 8,000 individuals and families supported  Investment, protection and retirement specialist LV= paid individual protection claims totalling £127m during 2022. LV= supported more than 8,000 claimants and their families paying 95% of all individual…

LVFS announces Tender Offer

Liverpool Victoria Financial Services Limited (the Offeror) announces today an invitation to holders of its outstanding £350,000,000 6.50 per cent. Fixed Rate Reset Subordinated Notes callable 2023 due 2043 (ISIN: XS0935312057) (the Notes) to tender their Notes for purchase by the Offeror for…

LV= announces plans to appoint BlackRock as primary asset management partner

Investment, protection and retirement specialist LV= has announced plans to appoint BlackRock as its new primary asset manager (subject to regulatory process).   The partnership will enable LV= members, customers and financial advisers to benefit from the deep investment expertise across BlackRock.…

March 2023

LV= announces 2022 financial results

Continued positive momentum despite challenging economic conditions Protection, investment and retirement specialist LV= announces its financial results for the year to 31 December 2022 and publishes its Annual Report. Operational highlights: Year-on-year sales of annuities (+91%), equity release…

Cost of living rise forces consumers to delay major life decisions

Decisions such as buying a home, getting married, starting a family and taking retirement are being put on hold due to stretched finances 23m describe their financial situation as “struggling” – 7m more than 12 months earlier 21m adults say they are worried about…

LV= appoints non-executive director

Investment, protection and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has appointed David Rogers as an independent non-executive director.  David joins the LV= Board from 1st March 2023 and his appointment is subject to regulatory approval. He will replace Seamus…

Blended approach can ease pensioners’ drawdown and volatility fears

Research from investment, protection and retirement specialist LV= highlights how millions of people are worried about stock market volatility and running out of money in retirement. Figures from the LV= Wealth and Wellbeing Research Programme reveal that withdrawing money from a pension is a problem…

February 2023

23m say they are struggling with finances

About LV= LV= is a leading financial mutual and serves over 1.16 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…

January 2023

Three quarters of UK adults have no idea what state pension is worth

More than three-quarters of working adults do not know how much the State Pension is 23% of working adults do not know how much they are saving into a pension 13% of working adults have decreased their pension contributions Research from pensions and retirement specialist LV=…

November 2022

29m worry about rising cost of energy bills

5m (9%) UK adults say they can’t afford to pay day-to-day costs and bills Research from pensions and retirement specialist LV= highlights how worries about money and rising energy bills are taking their toll on UK consumers. The LV= Wealth and Wellbeing Monitor* - a quarterly survey of 4,000…

30m expect their finances to worsen over next three months

Nearly one in 10 UK adults say they are struggling a lot financially 31m (59%) say their finances have worsened over the past three months 21m (40%) say they are worried about money Retirees are more likely than other ages to say they are coping with rising bills …

October 2022

LV= AGM underlines commitment to mutuality

LV=’s 2022 AGM was held at the Village Hotel in Bournemouth on 18 October 2022. The full recording of the AGM, including all questions and answers, is available on our website: www.LV.com/AGM Chair Simon Moore and CEO David Hynam addressed members for the first time, underlining their commitment…

A quarter of working adults without income protection would like to have it

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…

6m people retire earlier than planned

One in four say they retired at least five years earlier than planned About a third said they retired early because they could afford to, but a similar proportion were not in a good financial position to retire when they did Illness, stress and redundancy are common reasons for people retiring early Research…

September 2022

LV= appoints chief investment officer

Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has appointed Adam Ruddle into the role of Chief Investment Officer Adam will be responsible for designing the investment strategy for LV=’s Smoothed Managed Funds, which are proving popular with…