Bain Capital moves to reassure LV= customers as Royal London reignites interest

Proposal 'maintains an independent LV='

Julia Bahr
clock • 3 min read

The private equity firm that has had its bid accepted to buy LV= has moved to reassure the mutual's customers ahead of a vote on the £530m deal set to take place next month.

Bain Capital, the US private equity firm, said it was committed to the long-term growth and success of LV= and will invest significantly in the business. Over the weekend reports emerged of Royal London trying to instigate a possible three-way deal between itself, LV=, Bain Capital. It is known Royal London had a bid rejected for its rival mutual insurer as LV= instead chose Bain Capital's offer of £530m. The Mail on Sunday reported at the week that Royal London chief Barry O'Dwyer had made the proposal to LV= chief executive Mark Hartigan. The newspaper reported that the message s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read
Advisers call for new products to tackle retirement planning challenges

Advisers call for new products to tackle retirement planning challenges

Retirement products ‘don’t meet modern needs’

Isabel Baxter
clock 25 November 2024 • 3 min read
How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read