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The insurer said that, as a result of the deal, the capital available for distribution is expected to increase by up to 40% - capital which will be used to increase payments to with-profits members.
LV= managing director of protection Debbie Kennedy has told Professional Adviser that the sale to Bain Capital will help the company accelerate its growth.
On Tuesday morning (15 December) LV= announced it had agreed to sell its remaining pensions and insurance businesses to private equity firm Bain Capital for £530m. The insurer said that, as a result...
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