LV= announces potential £212m pay out to members as part of Bain Capital deal

Within a Member Voting Pack published today (3 October), the insurer stated that it would make one-off member payments of £100 to every eligible member, totalling £111m, should the deal be completed. However, LV= also stated that the per-member pay out could be reduced to £60 should the deal be completed in an alternative way to the Part VII transfer that enables the planned insurance business transfer to a Bain Capital-controlled entity. LV= has also planned for a £101m increase in future With-profit policy pay out enhancements for all its eligible With-profits members. It stated tha...