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.

March 2021

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

LV= reveals January spike in accidental damage claims

Accidental damage claims spike in January as UK goes back into lockdown and home-schooling starts again Surge in claims not seen since April and May last year LV= GI reveals Spillages over laptops is the most common claim type, a record high of 22%  For many of us, we’ve been…

Nearly 7 million adults worry about access to medical treatment

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

January 2021

Covid pandemic pushes more than 154,000 55-64 year olds into early retirement

Redundancies, wage cuts and rethinking priorities make many take early retirement 4% (211,000) 55-64yr olds say job loss or reduced income has led to them accessing pensions savings to supplement income Research from pensions and retirement specialist LV= highlights how the coronavirus pandemic…
Life and Pensions

Consulting a financial adviser is key to feeling confident about retirement

Only 41% of non-retired UK adults are confident they’ll have saved enough for retirement But taking financial advice boosts confidence - 65% of those who have consulted a financial adviser are confident they’ll have saved enough for retirement  Those confident about retirement…
Life and Pensions

December 2020

LV= agrees transaction with Bain Capital

Delivers an excellent financial outcome for members with greater security and enhanced distributions for With-profits members Follows a Board-led, comprehensive and rigorous strategic review Maintains competition and choice for customers and IFAs in the UK market by supporting LV=’s…
Life and Pensions

18m say their finances have worsened during second lockdown

• 20% (10m) UK adults said their income has decreased over past three months • 26% (13m) UK adults expect their finances to worsen over next three months as drops in income continue  Research from pensions and retirement specialist LV= highlights how the finances of UK adults are being…
Life and Pensions

November 2020

Coronavirus outbreak leaves young people turning to bank of gran and grandad

More than one in 10 over 65s have offered financial help to family and those aged 18-34 are most likely to have received financial help from friends/ family  Covid-19 has disrupted retirement plans for many of those aged 55-64 Research from LV=, life and pensions provider, highlights…
Life and Pensions

LV= launches four Investment Pathways funds

• LV= is among the first to market with Investment Pathways funds designed for non-advised consumers drawing an income from pensions Retirement income specialist LV= has launched four Investment Pathways funds designed to provide customers with a range of packaged investment choices as they consider…
Life and Pensions

October 2020

LV= reintroduces shorter waiting periods for personal sick pay

• Re-introducing day 1 and 1 week waiting periods for new policies Protection specialist LV= is re-introducing day 1 and 1 week waiting periods for its specialist income protection offering, LV= Personal Sick Pay*. Along with a number of other providers, LV= withdrew short waiting period options…
Life and Pensions

LV= anticipates rise in cancer claims in 2021

Critical illness claims for cancer fell 45% during lockdown in April 2020 Fall in diagnoses and referrals is expected to lead to rise in claims in 2021 Protection specialist LV= has experienced a significant drop in cancer claims due to the impact of coronavirus lockdown. In April…
Life and Pensions