Liverpool Victoria (L.V.) seeking partners?

Money, investing, mutuals etc
planteria
Posts: 5153
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 412 times
Been thanked: 1534 times
Contact:

Re: Liverpool Victoria (L.V.) seeking partners?

Post by planteria » Thu Apr 04, 2019 11:14 pm

interesting..

https://www.lv.com/adviser/news/2018-fi ... erformance

potential conversion to 'a mutual company limited by guarantee'.

planteria
Posts: 5153
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 412 times
Been thanked: 1534 times
Contact:

Re: Liverpool Victoria (L.V.) seeking partners?

Post by planteria » Thu Apr 04, 2019 11:21 pm

"In the face of challenging investment conditions during the year the main LV= with profits fund returns were negative at -4.2%.". it will be interesting to see how bonuses look as a result, perhaps 'smoothing' will be very welcome this year..

planteria
Posts: 5153
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 412 times
Been thanked: 1534 times
Contact:

Re: Liverpool Victoria (L.V.) seeking partners?

Post by planteria » Sun Apr 07, 2019 10:44 am

who are LV members here?
pack arrived yesterday. thoughts re. voting?
i think from a 'bagger point of view voting Against could be wise: raise the chance of the business having to close/change, and block the scope for the conversion of non-member customers>members, thereby diluting assets/member.

William Joseph1
Posts: 11263
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2560 times
Been thanked: 6592 times
Contact:

Re: Liverpool Victoria (L.V.) seeking partners?

Post by William Joseph1 » Sun Apr 07, 2019 11:40 am

My guess is it will not take many to vote against to make it a lame duck for them. They need 75% of those voting for, for them to be able to convert. its a high threshold and is a result of them changing the rules in 1999 (I think) in order to repel the possibility of baggers.
Thanked by: Dream on
It is polite to thank a post. If you like it or if you feel it has helped you. Use the thumb up on the top right of the post.

planteria
Posts: 5153
Joined: Tue Nov 23, 2010 4:52 pm
Location: Going down the Wednesbury Road
Has thanked: 412 times
Been thanked: 1534 times
Contact:

Re: Liverpool Victoria (L.V.) seeking partners?

Post by planteria » Sun Apr 07, 2019 1:34 pm

agreed re. the background.
the %s are one of the things they want to change, ironically.
i suspect they will get it through, because so many members tend to follow the lead of the boards of mutuals..
are you a member WJ? are you voting Against?

William Joseph1
Posts: 11263
Joined: Tue Jun 29, 2010 8:14 pm
Location: The Isle of Dreams
Has thanked: 2560 times
Been thanked: 6592 times
Contact:

Re: Liverpool Victoria (L.V.) seeking partners?

Post by William Joseph1 » Sun Apr 07, 2019 2:55 pm

planteria wrote:
Sun Apr 07, 2019 1:34 pm
agreed re. the background.
the %s are one of the things they want to change, ironically.
i suspect they will get it through, because so many members tend to follow the lead of the boards of mutuals..
are you a member WJ? are you voting Against?
I am a member and at the moment undecided.
It is polite to thank a post. If you like it or if you feel it has helped you. Use the thumb up on the top right of the post.

Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest