LV= doubles down on future mutual status

During the AGM, David Hynam, incoming chief executive, addressed members for the first time, underlining the steps LV= will take to ensure the sustainability of the wider mutual sector, including discussions to join the Association of Financial Mutuals (AFM). The meeting was also the first time members were given the opportunity to hear and ask questions about the failed sale to Bain Capital, which was first announced in December 2020 and fell through in December last year. During that time LV= confirmed that all members would benefit from a cash payment to compensate for loss of mutu...