LV chairman Alan Cook still earning £560 a day despite being ousted
Cook - who along with chief executive Mark Hartigan tried to sell the 179-year-old mutual to private equity - leaves at the end of March.
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Cook - who along with chief executive Mark Hartigan tried to sell the 179-year-old mutual to private equity - leaves at the end of March.
The reasoning behind the decision of LV to pull out of a second round of merger talks with fellow mutual Royal London is unfathomable.
LV boss Mark Hartigan (pictured) spent much of last year telling LV's 1.2m members that a sale to Bain Capital was the only way it could survive.
PENSIONS giant Royal London, which is a big employer in Scotland, has said merger talks with fellow mutual LV= have ended as it cast doubt on the…
LV= and Royal London have both confirmed discussions about a possible merger have ended. Merger discussions began at the start of the year after LV= policyholders voted down a takeover from private equity firm Bain Capital in December 2021.