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.

July 2021

LV= strengthens Smoothed Managed Funds to include ESG criteria

Savings and retirement specialist LV= is adapting the investment strategy of its Smoothed Managed Funds to include greater emphasis on environmental, social and governance (ESG) criteria. To ensure that the asset allocation across smoothed fund portfolios are in line with UN Sustainable Development…
Life and Pensions

June 2021

Timing is everything when you think about taking your pension

This article originally appeared in The Sunday Times There are many things you have to think about when investing in retirement: how your money will fare in the stock market, how long you may need an income for and whether the amount you withdraw from your pot each year is sustainable. The calculations…
Life and Pensions

LV= cancer claim protection payments hit £15m

LV= anticipates rise in claims in second half of the year and into 2022 £15m of cancer claims paid out during January-May 2021 reflect similar levels seen in 2020 Protection specialist LV= has paid over £15m in cancer-related protection claims to more than 200 families in the first…
Life and Pensions

LV= appoints new CFO and COO

Savings, retirement and protection specialist LV= is pleased to announce the appointment of Barry Cudmore and Harry Hanscomb as Chief Financial Officer and Chief Operating Officer respectively. They will join LV= in early September and report to Mark Hartigan, LV= Chief Executive. Barry Cudmore is…
Financial and Corporate

LV= extends doctor services to policyholders’ partners

Includes second opinion service and unlimited virtual GP consultations LV= is extending Doctor Services to include the spouses and partners of protection policyholders. LV= Doctor Services gives policyholders access to six expert medical services in one handy app or by simply calling Square Health.…
Life and Pensions

May 2021

Special General Meeting update

Savings, retirement and protection provider Liverpool Victoria Financial Services Limited (“LV=”) advises that the timing of its Special General Meeting (SGM) and Members Meeting has been moved from the first half of the year. All eligible members[1] will be invited to vote on the proposed…
Financial and Corporate

11m women are exhausted due to added pressures of the pandemic

Research from protection specialist LV= reveals how the coronavirus pandemic is impacting the nation’s mental health.  The latest findings in the LV= Wealth and Wellbeing Monitor indicate that: Women’s mental health has been affected more than men’s by the Covid-19 crisis …
Life and Pensions

14m Britons fear falling victim to pension scams

14% (7.6m) adults say they have received unsolicited emails, texts, call from people encouraging them to transfer or release money from their pension Nearly half 47% (25m) say pension scams are hard to spot, but only a third (32%) say they know how to report a scam 38% (20m) people want…
Life and Pensions

April 2021

LV= adds pension to smoothed managed fund range and improves charging structure

Smoothed Pension starts smoothing from day two Tiered charging structure now includes aggregated fund discounts based on holdings across multiple LV= Smoothed Managed Funds Savings and retirement specialist LV= is launching Smoothed Pension to complement its range of Smoothed Managed…
Life and Pensions

5.8m plan to use their home to help fund retirement

Consumers increasingly expect financial advisers to consider property as part of retirement planning Consumers would be most likely to consider equity release if they needed to make home improvements for medical/ mobility reasons Research from savings and retirement specialist LV= highlights…
Life and Pensions

4.4m save over £10,000 due to covid restrictions

72% (38m) UK adults said that in the last 12 months their household saved money as a result of reduced spending due to Covid-19 (E.g. reduced commuting costs, childcare costs, eating out costs Those that saved money saved on average nearly £5,500 during the last 12 months, but one in…
Life and Pensions

March 2021

Nearly 10m expect their finances to improve over the next three months

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

LV= announces 2020 financial results

Life, pensions and investments business LV= announces its financial results for the year to 31 December 2020 and publishes its annual report. Strategic and operational highlights Completed comprehensive strategic review and announced sale to Bain Capital Credit representing an excellent outcome…
Financial and Corporate

Over eight million uninsured adults aged 25-44 now considering income protection

Research from protection specialist LV= shows that the coronavirus pandemic is encouraging people to consider taking out income protection (IP) insurance. The LV= Wealth and Wellbeing Monitor*- which tracks the behaviour of 4,000 UK consumers - reveals: 8.3m (48%) of 25-44 year olds with no IP…
Life and Pensions

LV= Coronavirus claims total more than £12m

LV= supported over 1,400 policyholders and families with COVID- related clams, paying out over £12million  Demand for LV= mental health support has risen more than five-fold Figures from protection specialist LV= show life insurance, critical illness and income protection claims…
Life and Pensions

LV= protection claim payouts hit almost £118million in 2020

Covid claims hit £6.5m and accounted for more than 10% of death claims LV= expects cancer and mental health claims to rise over next 12 months Pandemic sparks rise in demand for remote health and welfare services Protection specialist LV= paid record individual protection…
Life and Pensions

LV= improves early repayment terms on lifetime mortgages

Savings and retirement specialist LV= is making changes to the flexible repayment option available across its Drawdown+ and Lump Sum+ Lifetime Mortgages.  LV= is reducing the minimum repayment amount to £50 and removing the 12-month waiting period, allowing repayments from day one of the…
Life and Pensions

February 2021

LV= upgrades Life Insurance terms

Life Insurance term changes are the latest in a series of improvements on protection policies over the past year Protection specialist LV= is extending its life insurance contract terms across several product lines to provide cover up to the age of 90. These changes will affect Life Protection,…
Life and Pensions

LV= introduces cashback offer for equity release applications

Savings and retirement specialist LV= is introducing a 1% cashback deal across its Drawdown+ and Lump Sum+ Lifetime Mortgages. The initial cashback offer, available until 16th April 2021, will be paid to customers on completion. Customers can choose how to use the money, for example, reduce the size…
Life and Pensions