LV's capital uncertainty and 'inconsistent statements' targeted by MPs

Speed of deal 'remarkable'

LV= has responded to the criticisms: "We have been clear that the business, while well capitalised, requires significant further investment to compete in an increasingly competitive market."
LV= has responded to the criticisms: "We have been clear that the business, while well capitalised, requires significant further investment to compete in an increasingly competitive market."
  • Jon Yarker
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The management of LV= has been heavily criticised by MPs for failing to provide a clear and reliable picture of its capital position in light of its proposed sale to Bain Capital.

The firm's demutualisation has been the subject of an enquiry by the All-Party Parliamentary Group (APPG) for Mutuals. LV= had stated it needed a significant amount of investment to remain viable, but...

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