LV= sees life and pensions inflows drop £260m in 12 months

In its half-year results published on Tuesday (6 August), LV= reported life and pension inflows had dropped 26% year-on-year to £710m in the six months ending 30 June 2019 - this figure included DB inflows. Its life and pension inflows were £970m during the same period in 2018.  LV= group chief executive Richard Rowney (pictured) said trading conditions for life & pensions had been tough. Investment and pension markets were down, he said, which was sharply driven by investor uncertainty and the continued decline in DB to defined contribution transfers. In July, AJ Bell reported a furt...