LV= considering selling remaining pensions and insurance business

According to Sky, LV= has engaged with financial advisers to examine whether the sale of its life and pensions units would be in the best interests of its 1.3 million customers.

Sky reported the 177 year-old business is also considering some sort of joint of venture.

Sources told Sky there is no guarantee of the sale, and LV='s board could decide to maintain its independence. 

However, Fenchurch Advisory Partners is understood to be advising the firm on its options. 

In a statement from LV= and given to Professional Adviser, a spokesperson said: "We do not comment on market rumour and speculation.  We remain focused on continuing to support our customers, members and partners during the Covid-19 crisis."

 

 

 

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