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.

September 2022

LV= announces appointment of chief executive

Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has today announced the appointment of David Hynam as its incoming chief executive, subject to regulatory approval. David brings to LV= extensive executive experience in the UK insurance sector, including…

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

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…

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

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…

April 2022

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

Average living costs for consumers have risen by about £2,600 a year and one in 10 of those with extra living costs say they are struggling to pay for food and heating Inflation is eroding their savings but only a third of consumers are considering moving money into higher-risk investments  Research…

22m expect their finances to worsen over next three months

Rising prices have badly dented consumers’ confidence and those in retirement are faring particularly badly  The proportion of people who expect their finances to deteriorate in the next three months is at its highest since LV= survey began People continue to spend…

LV= protection claim payouts hit £119 million in 2021

Payouts supported 9,000 families Covid claims hit almost £12m and accounted for 16% of life insurance claims Protection specialist LV= paid record individual protection claims totalling over £119 million during 2021. LV= supported more than 9,000 claimants and their families…

March 2022

LV= announces 2021 financial results

Significant operational progress made towards a sustainable future. Life, pensions and investments business LV= announces its financial results for the year to 31 December 2021 and publishes its annual report. Operational highlights: Outperformed targets for sales and profitability and enhanced…

LV= coronavirus claims total more than £19 million

LV= supported almost 2,000 policyholders and families with COVID-related claims, paying out over £19 million, since March 2020 LV= supported 300 existing policyholders with Payment Breaks, helping them keep their cover in place through times of financial hardship. Figures from…

LV extends protection range on Mortgage Advice Bureau’s protection panel

Mortgage Advice Bureau (MAB) is set to add the full LV= Flexible Protection Plan range of products and options to its protection panel.  LV= income protection plans have previously been available to MAB advisers, but from April 2022 they will be able to select LV= life insurance and the LV= combined…

30m parents want to leave wealth in their will

But only 41% have done so and 20m parents have not written a will 87% have not spoken to a financial adviser about the best way to pass on wealth 1m+ grandparents have given £10,000 to grandchildren Research from pensions and retirement specialist LV= highlights how millions of Britons…

February 2022

LV= appoints two new Non-Executive Directors

Insurance, investment and retirement specialist Liverpool Victoria Financial Services Limited (LV=) has appointed Suzy Neubert and Natalie Ceeney, CBE as independent Non-Executive Directors. Subject to regulatory approval they will join the Board on 1 March and replace David Barral, Alison Hutchinson…