Media centre archive

Browse through our archive of press releases and media statements

Our media centre archive is designed to provide journalists and commentators a look back at previous news and comment from LV=. Members and customers should not rely on the information within these pages to form the basis of investment or other financial decisions. If you're a member or customer looking for information on our products, services and advice please visit our main website. Check out our latest press releases and media statements.

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…
Financial and Corporate

December 2021

Nearly 12m plan to increase Christmas spending

Nearly half (47%) of those who are spending more say they are doing so because of rising prices But one in three who are spending more want to make up for a tough year and 27% say they will be spending money saved because of Covid restrictions Research from pensions and retirement specialist…
Life and Pensions

LV= announces result of the member vote at Members’ Meeting

LV= today announces the results of its Members’ Meeting.  This follows the outcome of the vote on the acquisition of the LV= business by Bain Capital at the Special General Meeting earlier today, with the result that the transaction with Bain Capital will no longer proceed. 69% of members…
Financial and Corporate

LV= announces next steps to determine future direction

• LV= to swiftly reassess its strategic options and explore alternative ways to provide the best long-term outcome for members, the business, employees and its wider communities.    • This result will have no impact on trading; the business will continue to serve its customers as…
Financial and Corporate

LV= announces result of the member vote at Special General Meeting

Significant majority of voting members in favour of proposed transaction with Bain Capital, but the required 75% threshold is missed. 69% of members who voted supported the Special Resolution to approve the acquisition of the LV= business by Bain Capital at the Special General Meeting (‘SGM’) …
Financial and Corporate

November 2021

Open letter to LV= members from Employee Consultative Chair

Dear Members, As the chair of the LV= Employee Consultative Forum (ECF)*, I wanted to reach out to you directly regarding the upcoming member vote on the 10 December, and to share my views on the proposed transaction with Bain Capital. I write this with the best interests of our employees and the future…
Life and Pensions

Response to Royal London statement

Background to the process and engagement with Royal London to date LV= undertook the sale of its General Insurance business in 2018 and 2019 in response to the need to improve its capital position. Following the sale, LV= was left with a sub-scale life insurance business that required investment in…
Financial and Corporate

October 2021

3.6m over-65s worry pension triple lock will be abolished

2.5m over 65s are concerned that rising inflation and low interest rates are eroding their savings Research from pensions and retirement specialist LV= highlights the worries of millions of people aged over 65. The LV= Wealth and Wellbeing Monitor* - a quarterly survey of 4,000+ UK adults…
Life and Pensions

LV= pays £309,000 for Income Protection claim lasting more than 35 years

About LV= LV= is a leading retirement and protection specialist. 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…
Life and Pensions

Consumers feel the pinch of rising prices

People are now spending more and saving less than last quarter, as price increases cause outgoings to rise  14.1m people are worried about rising prices of everyday items and 7.6m worry that their savings are being devalued by low interest rates and rising inflation However, things…
Life and Pensions

September 2021

LV= joins Brilliant Solutions equity release panel

Savings and retirement expert LV= is announcing a partnership with Brilliant Solutions, offering its brokers access to LV= Lifetime Mortgage products. Brilliant Solutions is a direct to lender mortgage club specialising in mortgages, bridging and secured loans. With access to LV= Lifetime Mortgage Lump…
Life and Pensions

Covid pandemic makes millions consider alternatives to care homes

Research from pensions and retirement specialist LV= highlights how the Covid-19 pandemic has left millions of people considering alternative long-term care options to living in a care home. The LV= Wealth and Wellbeing Monitor* - a quarterly survey of 4,000+ UK adults – reveals: 60% (31.6m)…
Life and Pensions

Pensions and retirement remain taboo for married couples

Over 15m (78%) of married people have no idea what their spouse’s pensions are worth 47% of married people have not spoken to their spouse about their retirement plans 85% of married people aren’t aware of the benefits of planning retirement together But if they were to…
Life and Pensions

August 2021

10m pension holders running out of money in retirement

LV= Wealth and Wellbeing Monitor highlights consumers don’t know their retirement options but are reluctant to take financial advice 8m plan a DIY approach to retirement, but many don’t know how to avoid running out of money, avoid big tax bills or leave an inheritance Research…
Life and Pensions

July 2021

LV= launches income protection products for mortgage holders and renters

About LV=: LV= is a leading retirement and protection specialist. 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…
Life and Pensions

9.5m say their incomes have increased in the last three months

Fewer people are worrying about money, losing their job or contracting Covid-19 People are spending more and saving less as lockdown eases 12.5m** people are worried about rising inflation Holidays, socialising and days out with family are priorities for people after lockdown Research…
Life and Pensions