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.
LV= is exploring the sale of its remaining life and pensions operations, Sky News has reported.
LV= has seen a drop in sales for its retirement solutions products as defined benefit (DB) transfers dwindled, its half-year results have revealed.
Here they are - the winners of the UK Pensions Awards 2018...
Mike Rogers, the former chief executive officer (CEO) of LV=, has been appointed as non-executive chairman of Aegon UK.
Labour will call for collective defined contribution (DC) schemes in order to protect savers against longevity risk and costs, the party has announced.
Only a fifth of defined benefit (DB) members believe they can make an informed decision to transfer out of their scheme, a survey has revealed.
LV= has removed all pension exit charges from its products, allowing customers to switch to other providers without incurring a fee.
Nearly half (45%) of defined benefit (DB) members approaching retirement do not feel informed enough to decide whether to transfer their pension, a survey has revealed.
A pension dashboard prototype will be launched by March 2017. Jonathan Stapleton and Helen Morrissey find out what the project is all about.
The government has announced a pensions dashboard will be launched by March next year. But, as Jonathan Stapleton says, the prototype version will have significant limitations and will need to overcome a range of hurdles.
A pension dashboard prototype will be launched by 11 providers next spring, the Treasury has said.
LV= chief executive Mike Rogers has announced his intention to step down after ten years in the role.
Stuart Tragheim and Andy Milburn have been hired by Equiniti to grow its client base among life and pension providers.
PP looks at how the Just Retirement and Partnership merger could impact market competition.
LV= has said it will not launch into bulk annuities this year so that it can focus on its core strategy, but remains interested in the market.
A low cost online advice and guidance service for members approaching retirement is due to be launched in April by B&CE, provider of The People's Pension, through Liverpool Victoria (LV=).
Short-term bulk annuity pricing has become less predictable due to volatile market conditions and insurers adjusting to Solvency II, according to Aon Hewitt.
LV= is launching a toolkit intended to help members in defined benefit schemes (DB) understand their options at retirement in light of freedom and choice.
Insurer LV= is trialling a pension passport scheme in place of traditional retirement wake-up packs to boost client engagement.
Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.
Online register idea touted as ‘win-win’