FCA gives green light to next stage of LV= demutualisation

Confirmation of non-objection from regulator

John Brazier
clock • 2 min read

The Financial Conduct Authority (FCA) will allow the proposed acquisition of LV= to Bain Capital to progress to member voting.

The regulator stated today (26 October) that it has provided its non-objection to the agreement moving to the next stages, which include a member voting requiring Court approval. LV= is now able to progress to a member vote on the overall takeover by Bain Capital, which, should members approve, be followed by a second vote on changes to LV='s Articles of Association via a Scheme of Arrangement (subject to Court approval), which is necessary to enable the planned insurance business transfer to a Bain Capital-controlled entity. In a letter published for interested stakeholders, the FCA ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

What would targeted support look like for protection?

What would targeted support look like for protection?

FCA opens door for targeted support esque scheme

Cameron Roberts
clock 13 March 2026 • 4 min read
FCA names Chris Knight as director of insurance

FCA names Chris Knight as director of insurance

Joins from Legal and General

Jaskeet Briah
clock 09 March 2026 • 1 min read
The COVER Review: Spring Statement 2026, provider claims and a new market study

The COVER Review: Spring Statement 2026, provider claims and a new market study

Week commencing 2 March 2026

COVER
clock 06 March 2026 • 1 min read