Tag: LV=

Insurance industry to signpost services for older customers

Insurance industry to signpost services for older customers

A new initiative by the insurance industry and the UK government should make it easier for older customers to find motor and travel insurance. The Association of British Insurers (ABI) has entered into an agreement with the UK Government and the British Insurance Brokers’ Association (BIBA), requiring insurers and brokers to refer clients to another […]

April 5, 2012 More
Brits spend £6 billion of savings on Christmas

Brits spend £6 billion of savings on Christmas

A study by Santander, one of the world’s largest banks, has revealed that people are funding Christmas this year by dipping into their savings. High unemployment, inflation at around 5 per cent and the threat of another recession are all putting pressure on people’s pockets and causing them to use their savings to pay for […]

December 12, 2011 More
LV= announces Pensions Income Plus Annuity

LV= announces Pensions Income Plus Annuity

LV=, the UK’s largest friendly society, has launched a Pension Income Plus Annuity (PIPA) which combines a high level of initial income with the guarantee of an minimum income. It is structured more simply than traditional with-profits annuities and offers enhanced terms, value protection and competitive starting incomes. Clients can take out a PIPA with […]

November 8, 2011 More
Over-50s slash retirement savings

Over-50s slash retirement savings

Britain’s over-50s have reduced their retirement savings by nearly £18 billion over the last year, according to new research by LV=. The pensions, investments and insurance group found 21% of those approaching retirement have reduced their retirement savings by an average of more than £300 per month in the past 12 months. In the same […]

July 19, 2010 More
Raising a child costs over £200,000

Raising a child costs over £200,000

Raising a child from birth to age 21 costs more than £201,000, according to research by LV=. This is equivalent to £9,610 a year, or £26 per day. It’s the first time the lifetime cost of child-rearing has exceeded the £200,000 limit, and represents a 43% increase since the survey began in 2004. The biggest […]

February 24, 2010 More
Britons hold faith in house price rises to fund retirement

Britons hold faith in house price rises to fund retirement

Britons’ love affair with property has left more than one million over fifties looking sadly on their retirement prospects. According to a poll by insurer LV=, 12% of homeowners aged 50 and over are relying on capital growth from their homes to part-fund their non-working years. The boom years of the UK’s housing market actually […]

December 2, 2009 More
Don’t trust loved ones with your PIN, LV= warns

Don’t trust loved ones with your PIN, LV= warns

LV= has warned of the dangers of trusting the people we love the most. The insurer said debit and credit card users risk having their identity stolen every time they share their pin number with their husband, wife, brother, sister, father, or mother. “We would strongly urge all card-users not to tell anyone their pin […]

August 28, 2009 More
Brits ditch foreign holidays for staycations

Brits ditch foreign holidays for staycations

As the recession continues through the summer many British holidaymakers are choosing to stay in the UK rather than travel overseas. Research by insurance provider LV= found that Brits choosing UK holidays are planning to save an average £247 per person by ditching their trip abroad. A quarter of the working population will take their […]

July 26, 2009 More
Retirement dreams crushed by recession

Retirement dreams crushed by recession

Two million Brits have had their dream of retirement crushed by the recession, according to research by LV=. One in five (22%) of over 50s have had to delay their retirement date, LV= found, whilst a quarter (25%) have no clear idea of when they’ll be able to give up work. Even where the recession […]

July 16, 2009 More
Credit-crunched Brits reassess priorities

Credit-crunched Brits reassess priorities

Brits are using the recession as an opportunity for soul-searching and rethinking priorities, according to new research from LV=. Two-thirds (64%) of those polled by the insurance firm said they’ve been forced to reassess what’s important to them. Money is no longer top priority in the lives of Brits, having been ousted by family health, […]

July 6, 2009 More
Asda signs up LV= for breakdown cover

Asda signs up LV= for breakdown cover

Asda’s car insurance customers are to be covered for road rescue by LV= following a partnership deal between the two companies. LV’s Britannia Rescue division - the UK’s fourth largest road rescue company - will provide the cover for an initial period of three years, starting this month. The breakdown products will be sold in […]

March 17, 2009 More
LV= launches flexible pension plan

LV= launches flexible pension plan

Insurance and pensions group LV= has launched a new pensions plan that can be tailored by customers to meet their individual needs. The Flexible Transitions Account (FTA) has a variety of investment options to suit the needs of different customers. Customers can combine and switch investment options throughout the life of the pension according to […]

March 4, 2009 More
Brits plan to save by axing insurance cover

Brits plan to save by axing insurance cover

Five million Brits plan to reduce outgoings by cutting back on insurance cover, LV= found in a recent survey. Most popular for cutbacks was home insurance. LV= discovered that 2.2 million households plan to reduce or cancel their home insurance policies to reduce spending. Flood risk insurance is the most likely to be cut, with […]

February 24, 2009 More
LV= launches investment ISA trio

LV= launches investment ISA trio

LV= has launched a trio of new individual savings accounts (ISAs) - a Diversified Income ISA, a Balance Managed ISA, and a Stockmarket ISA. The three ISAs have been designed to appeal to the individual needs of a range of investors depending on the level of risk they are prepared to take. The Diversified Income […]

LV= offers new rates on lifetime mortgages

LV= offers new rates on lifetime mortgages

LV= (formerly Liverpool Victoria) has been working on its range of lifetime mortgages and introduced age-banded interest rates. The mutual is confident that the changes will provide its lifetime mortgage customers with a more competitive product. Interest rates start from 6.29% for a flexible lifetime mortgage for a homeowner aged between 60 and 65, increasing […]

January 20, 2009 More
No 60-day claim exclusion for new LV= customers

No 60-day claim exclusion for new LV= customers

Insurance firm Liverpool Victoria (LV=) has scrapped a restriction that prevents home-owners from claiming unemployment cover during the first 60 days of a policy. LV=’s Mortgage & Lifestyle Protection plan offers policy holders cover for mortgage payments and living expenses in the event of an accident, sickness, or unemployment. The policy pays out until the […]

January 13, 2009 More
LV= launches lifetime mortgage

LV= launches lifetime mortgage

LV= (formerly Liverpool Victoria) has launched a new equity release product. The friendly society’s Flexible Lifetime Mortgage allows homeowners to draw on the equity in their homes, as needs arise. It also provides a 15-year guarantee on the maximum amount that can be withdrawn, which will be honoured regardless of future trends in UK property […]