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  • Insurer

LV= to convert from friendly society to Ltd company

Following member vote

LV= to convert from friendly society to Ltd company
  • Adam Saville
  • Adam Saville
  • @AdSaville_COVER
  • 04 June 2019
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Decision will not alter mutual status, but insurer will be governed by the Companies Act

On 22 May, almost 100,000 LV= members (turnout nearly 9%) took part in two separate votes at its special general meeting. There were two proposals on the table: To convert from a friendly society to a company limited by guarantee. To amend its rules to clarify who benefits from being a member of LV= going forward. 93.3% of the LV= members who took part voted in favour of proposal one and 94.5% voted in favour of proposal two. The first result means that LV= will convert from a friendly...

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