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...
The HAC, London
'Our past has been rife with some very poor intermediary practice'
‘Employment is changing at a rapid pace’
‘Making sure everyone, no matter who they are, can achieve their potential’
At The HAC, London