Bain Capital takeover loses crucial LV= member vote

LV= chair Cook to step down

clock • 3 min read
Bain Capital takeover loses crucial LV= member vote

The membership vote to sell mutual insurer LV= to Bain Capital has failed after too few members voted in favour of the deal at the Special General Meeting, leaving the firm's future uncertain.

While 69% of the 174,240 members present at the SGM voted in favour of the deal with the private equity firm, it fell below the 75% threshold required for the deal to pass. "Although 69% of voting...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Retirement

The government has responded to its stronger nudge consultation

DWP steps up nudge programme to push savers onto Pension Wise

Minister plans to make Pension Wise guidance more accessible for those who want it

Holly Roach
clock 17 January 2022 • 3 min read
"The Coronavirus Act 2020 includes provisions to allow the extension to any of the powers contained within the bill and this issue should be raised urgently in government," said Graham Crossley, NHS pension specialist at Quilter.

End of Covid pension rules could see 7,000 NHS staff retire in March - Quilter

'Urgent action needed'

clock 17 January 2022 • 2 min read
Laura Suter: "If it's going to happen there needs to be a clear timeline. But it's a tricky balancing act."

Laura Suter: Is auto-enrolment for everyone a good idea?

'Balancing act'

Laura Suter
clock 17 January 2022 • 3 min read