Member interest cited as a key concern of bringing the mutuals together
Chair steps down amid offer to create 'well-capitalised mutual'
Chair of LV= to step down after too few members voted for the deal
The Bain Capital bid will go to a shareholder vote next month
LV= has agreed to sell its remaining pensions and insurance businesses to private equity firm Bain Capital for £530m.
After speculation gained traction over the weekend, LV= has revealed it is in exclusive talks with Bain Capital over the sale of its remaining pensions and insurance business.
Royal London is eyeing a takeover of LV= that could value the group at around £500m, according to reports.
Here they are… The shortlists for this year's Professional Pensions Investment Awards.