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AGM 2021

Voting results and details of the Meeting

Our 2021 Annual General Meeting (AGM) was held at 3pm on Thursday 30 September

Our members were invited to join the online AGM to cast their votes on the day.

Thank you to all of our members who voted in our 2021 AGM either by post, via our voting portal or at the online Meeting.

  • During the formal proceedings, 12 Ordinary Resolutions were passed.
  • The Meeting was held online with the Board in attendance.
  • A total of 40,004 members voted this year.
  • The results for each of the Resolutions and a full recording of our AGM can be found below.

Meeting summary

Minutes of the Meeting can be found in the Annual General Meeting library below.

   Resolutions % in favour 
1 To receive the Annual Report for the financial year ended 31 December 2020.  98.24
2 To re-appoint Alan Cook as a director.  95.72
3 To re-appoint Mark Hartigan as a director.  95.99
4 To re-appoint David Barral as a director.  96.04
5 To re-appoint Seamus Creedon as a director.  95.41
6 To re-appoint Alison Hutchinson as a director.  96.53
7  To re-appoint Colin Ledlie as a director.  96.14
8 To re-appoint Susan McInnes as a director.  96.75
9 To re-appoint Luke Savage as a director.  96.02
10 To approve the 2020 Directors' Remuneration Report for the financial year ended 31 December 2020.  93.70
11 To appoint Mazars LLP as the Company's auditor.  98.68
12 To authorise the Audit Committee to determine the auditor's remuneration.  97.05
   Resolutions % in favour 
1 To receive the Annual Report for the financial year ended 31 December 2020.  98.24
2 To re-appoint Alan Cook as a director.  95.72
3 To re-appoint Mark Hartigan as a director.  95.99
4 To re-appoint David Barral as a director.  96.04
5 To re-appoint Seamus Creedon as a director.  95.41
6 To re-appoint Alison Hutchinson as a director.  96.53
7  To re-appoint Colin Ledlie as a director.  96.14
8 To re-appoint Susan McInnes as a director.  96.75
9 To re-appoint Luke Savage as a director.  96.02
10 To approve the 2020 Directors' Remuneration Report for the financial year ended 31 December 2020.  93.70
11 To appoint Mazars LLP as the Company's auditor.  98.68
12 To authorise the Audit Committee to determine the auditor's remuneration.  97.05

Full recording of the 2021 AGM

Annual General Meeting

Our 2021 Annual General Meeting full recording

Length: 31min 53sec
Watch the 2021 AGM full recording

Ahead of our AGM we hosted two Member Webinars for our non-profit and With-profits policyholders 

 

The Member Webinars discussed the proposals for Bain Capital to acquire the LV= life and pensions business. You can catch up on both of these Webinars by watching our recordings:

Non-Profit Member Webinar - 
Wednesday 8 September 2021

With-Profits Member Webinar -
Thursday 9 September 2021

Read more about the proposals

    Annual General Meeting library

    You've got questions; we've got answers

    1. What makes someone a member of LV=?
      Anyone can become a member of LV= by owning a member-qualifying product with us. This includes all of our current and historic products, apart from our equity release products (for example Lifetime mortgage and Flexible Lifetime mortgage). 
      Customers who have general insurance products (for example car and home insurance) are also not members - these products are sold by LV= General Insurance Group, a subsidiary of Allianz.
    2. So if I'm a member, what does that mean? 
      You’re entitled to have a say in the way our business is run, by voting at our Annual General Meeting (AGM), and you have access to a range of member benefits such as; 
      • member discounts on some general insurance products like car and home insurance provided by LV= General Insurance, a subsidiary of Allianz
      • use of a Member Care Line for help and advice 
      • our Member Support if you’re in financial hardship.
    3. What's an Annual General Meeting (AGM)? 
      It's a yearly event that allows our members to give an opinion on the way we are run and is normally abbreviated to AGM. AGM's are usually held by official bodies, clubs and financial institutions, not only as a legal requirement, but because it's written into their constitution or is the right thing to do.
    4. Why do you have an AGM? 
      We have an AGM so our members can have a say on key matters affecting the business. We have a legal obligation to let members know, in advance, when the Meeting is being held and give them the chance to cast their votes.
    5. What makes a member eligible to vote? 
      Someone must be over 18 and have held a member-qualifying product for a full 12 months as at the date of an AGM. 
    6. What's a proxy?
      When members can’t attend a Meeting in person, they have the option to cast their votes beforehand, or at the Meeting via a proxy. A proxy is someone who’ll be at the Meeting and will cast the members’ votes on their behalf. The majority of members nominate the Chair of the Meeting to express their votes however they can also nominate a different proxy.