The Board were unanimous in their decision.
The transaction with Bain Capital delivers an excellent financial outcome for members plus greater security for With-profits members.
Looking out for our members’ best interests – what it means for you.
Members will be able to have their say.
We’ll write to all eligible LV= members inviting them to vote on our proposals at a Special General Meeting (SGM).
The Board will recommend that members support the sale of the business to Bain Capital and a member pack will be sent out to them ahead of the Special General Meeting (SGM) outlining all of the key information that they’ll need to help inform their vote.
We are progressing well on our proposals to sell the LV= Life and Pensions business to Bain Capital and to provide LV= members with all of the information they need to make an informed vote. As it is important that we complete this complex work we have built in some additional time to extend our engagement with a range of stakeholders; our original date to hold a Special General Meeting (SGM) in the first half of this year has therefore been pushed out.
As soon as the date of the Meeting has been finalised we will announce the date on this dedicated area of our website. At this point we will also provide further information on the member engagement programme which will comprise of:
More about Bain Capital.
The partnership with Bain Capital will provide LV= with the investment needed to grow its leading brand and strong product set for the benefit of customers and financial advisers.