LV= LEADERS CRITICISED OVER OPENNESS IN BAIN DEAL

Insurer LV= has been accused of "a number of shortcomings" in keeping customers informed about its potential sale to a US private equity firm.Martin Shaw, chief executive of the Association of Financial Mutuals (AFM), told MPs it was vital that mutuals told members about changing strategies.He said the decision to sell LV was "sad", but "consistent with the challenges within the business".The prop...

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