AFM Comments on APPG Inquiry into proposed sale of LV=

AFM Comments on APPG Inquiry into proposed sale of LV=

AFM Comments on the report of the APPG for Mutuals’ on its Inquiry into the proposed sale of LV=

8 April, 2021

As a trade body supporting the mutual sector, the Association of Financial Mutuals is very grateful for the attention paid by the All-Party Parliamentary Group for Mutuals to the planned demutualisation of LV=. The decision to demutualise is a one-time, irreversible one, and cannot be taken lightly.   The management of LV= has decided the business will be in a better position competitively under the protection of a private equity owner, Bain Capital.  However, it has yet to put the case to its members, who will ultimately decide on whether the deal goes ahead. Read more