LV= members to get extra £212m under Bain Capital deal
Insurer believes retaining mutual status means facing ‘higher execution risks’
LV=
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LV= chairman slams ‘unfair and misleading’ Royal London proposal
Insurer suggested a ‘three-way’ sale discussion including the US private equity acquirer
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LV= sale takes another plot twist
Reports that PE firm and rival mutual could split up the business after deal is finalised
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LV= boss defends sale to US private equity firm
Refutes suggestion that it was not the ‘best financial outcome’ for members
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FCA under fire over LV= sale to private equity firm
MP alleges that rival bid could have saved insurer from demutualisation
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Royal London to resurrect bid if LV= sale collapses?
‘Case for demutualising is very weak’ when there is an ‘alternative, equivalent option’ to retain status
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UK regulator gives go-ahead for LV= de-mutualisation
After facing questions from parliament on private equity takeover
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UK parliament questions LV= chairman role in demutualisation
Clients ‘are entitled to know’ if he ‘benefited from the sale to Bain Capital’
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MPs blast LV= over sale to US investment firm
Board has not been ‘open and transparent with members about its intentions for the company’
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Sale of UK insurer to be investigated
Parliamentary group believes deal may not be the best option for members and policyholders
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Life cover restrictions for clients who beat covid
Providers impose waiting periods amid uncertainty on longer-term health issues
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US investment firm acquires LV for £530m
It will help the savings, retirement and protection group expand product range for clients and IFAs