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Press release archive

Browse through our archived press releases, statements and blogs

Our news 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. For our latest news, see our newsroom.  

June 2022

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…
Financial and Corporate

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…
Life and Pensions

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=…
Life and Pensions

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=…
Life and Pensions

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…
Life and Pensions

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…
Life and Pensions

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…
Life and Pensions

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…
Life and Pensions

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…
Financial and Corporate

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…
Life and Pensions

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…
Life and Pensions

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…
Life and Pensions

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

9m adults change jobs during covid pandemic

Covid pandemic, lockdowns and working from home has prompted many to change jobs Pay rises (27%)  and a more enjoyable job (22%) were the most common reason for changing jobs More than half of job changers say they increased income but 18% took a pay cut 12% of job changers say…
Life and Pensions

LV= maintains payment break option to support vulnerable customers

Introduced in April 2020, payment breaks enable financially vulnerable members to maintain cover if they were experiencing financial difficulties  Now permanently open to vulnerable customers, eligible members unable to pay their premiums can apply for a maximum of three months …
Life and Pensions

LV= provides update on discussions with Royal London

LV= entered into merger discussions with Royal London at the start of the year. However, it has become clear to LV= that our different mutual models mean such a merger would not be in the best interests of LV= members. As a result, talks between the two companies have now ceased. Seamus Creedon, LV=…
Life and Pensions

LV= announces Board changes

Liverpool Victoria Financial Services Ltd (LV=), the 179 year old mutual insurer, today announces several changes to its Board of directors. With effect from 01 April 2022, and subject to regulatory approval, Seamus Creedon will take over as interim chair from Alan Cook who indicated his intention…
Financial and Corporate

7.5m over-55s worry about rising prices

People aged 55-64 are now less confident about retirement than they were a year ago Over-55s are the group most likely to be worried about rising prices Research from pensions and retirement specialist LV= highlights how Britons approaching retirement are increasingly worried about rising…
Life and Pensions

January 2022

LV= launches more affordable critical illness cover

Protection specialist LV= is adding a more affordable variant of critical illness cover to its protection range, providing more choice and flexibility for customers at different life stages. The new LV= Life and Critical Illness Cover covers 41 conditions, including 39 full payment conditions and two…
Life and Pensions