The decision by LV= members to reject the proposed sale to Bain Capital is a major boost for mutuals everywhere. Members voted to support their customer-focussed business purpose, and reject a transfer to profit-maximising private equity owners. It’s a vote of confidence in mutual, equitable, business, and sends a warning to potential corporate raiders that…
Letter from Gareth Thomas MP to LV= Chairman, Alan Cook
Chair of the All-Party Parliamentary Group for Mutuals, Gareth Thomas MP has today written to LV= Chairman, Alan Cook. You can view the letter here.
Sign the petition: Stop the demutualisation of LV=
Over 1,000 people have now signed the petition to stop the demutualisation of LV= Please visit change.org to sign
APPG to meet with LV= Chairman
The All-Party Parliamentary Group for Mutuals will meet with LV= Chairman, Alan Cook, on 29th October at 11:00am. The meeting will be held via Zoom and follows on from the Group’s inquiry into the planned demutualisation of LV=. Contact us for further information.
APPG Chair, Gareth Thomas MP, secures Commons adjournment debate on the future of LV=
Gareth Thomas MP, chair of the APPG for Mutuals, spoke in Parliament yesterday evening about the demutualisation of LV=. He argued that in the case of LV=, there has never been “a clear, easy to understand, reason why demutualisation is needed. The business is well capitalised; indeed, it recently sold its general insurance business for…
Update on LV= from Gareth Thomas MP
APPG Chair, Gareth Thomas MP, has written to LV= members updating them on the APPG’s work. You can view a copy here.
Response letter to the APPG from the Governor of the Bank of England about LV=
Read the response letter from Andrew Bailey, Governor of the Bank of England.
Gareth Thomas MP raises LV= demutualisation in Parliament
Earlier this week Gareth Thomas, Chair of the APPG for Mutuals and Labour MP for Harrow West raised the issue of LV=’s demutualisation in the House of Commons.
Response from LV= Chairman to Gareth Thomas MP
Read the response from LV= Chairman, Alan Cook, to the APPG for Mutuals.
APPG for Mutuals new report: Inquiry into the planned demutualisation of LV=
The All-Party Parliamentary Group for Mutuals [APPG] has today released a new report into the planned demutualisation of LV=. LV=, one of Britain’s biggest financial mutuals, founded in 1843 and trading for most of its life as Liverpool Victoria, is well known across the UK. In December 2020 LV= announced that it had reached an…
Inquiry into the planned demutualisation of LV=
The APPG for Mutuals inquiry is underway with sessions being held as follows. A final report will be produced in due course. Tuesday 2nd March Martin Shaw, Chief Executive, Association of Financial Mutuals John Gilbert, Friendly Societies and Mutual Insurance legal expert Monday 15th March Private briefing from Barry O’Dwyer, Group CEO, Royal London Monday…
Potential sale of LV= to Bain Capital
The All-Party Parliamentary Group (APPG) for Mutuals is today [8th February] announcing an inquiry into LV=’s recent decision to sell to Bain Capital. LV=, one of Britain’s biggest financial mutuals, founded in 1843 and trading for most of its life as Liverpool Victoria, is well known across the UK. The inquiry will consider whether LV=’s proposals are…