On 10th December 2021, Royal London issued a statement outlining our belief that we could offer an attractive future for the members of LV= as part of a growing and well-capitalised mutual.
Discussions between Royal London and LV= on the potential for a mutual merger have ceased.
Barry O’Dwyer, Group Chief Executive of Royal London, said:
“Mutuals are owned by their customers and are run for their benefit.
“Our offer to preserve LV='s mutuality through a merger with Royal London was based on an understanding that LV= did not have a viable future as an independent company.
“For Royal London’s customers and members, nothing changes. We remain committed to delivering great value products, backed up by market-leading customer service. We look forward to sharing a substantial level of profits with our eligible customers in April, as we normally do.”
-ENDS-
For further information please contact:
Royal London Press Office
- Email: pressoffice@royallondon.com
About Royal London
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £153 billion, 8.8 million policies in force and 4,075 employees. Figures quoted are as at 30 June 2021.