Fellowship Type, Sector based Fellowships | March 2017
LV= Ensure Successful Visit for Chris Leslie MP
Chris Leslie, Labour MP for Nottingham East, visited insurance mutual LV= on Friday 10 March at their headquarters in Bournemouth. Chris’ visit took place as part of his Industry and Parliament Trust (IPT) Fellowship* exploring the Financial Services industry.
During the visit, Chris was able to gain insight into the dynamics of how a modern financial services mutual operates in the UK, as well as an overview into how they process general insurance claims and provide financial advice to customers approaching retirement.
The visit also enabled Chris to learn more about the key regulatory issues for LV= and the two main business areas of the company (general insurance and life and pensions). LV= is the UK’s largest friendly society and offer services direct to consumers as well as through advisers and brokers and partnership organisations.
LV= employs over 6,200 people and has over 5.8 million customers, 1.1 million of whom are their members. Their customers hold a variety of products with us including insurance, investment and retirement solutions and they are the third largest car insurer in the UK.
Chris’ IPT Fellowship is helping him to build on his knowledge of the financial sector and the way in which the current economic climate affects day-to-day operations, supporting his work as a member of the International Trade Select Committee.
Commenting on the visit Chris Leslie said:
“I would like to thank LV= for organising such an insightful day and I look forward to my future visits examining the Financial Services industry. I would also like to extend my thanks to the IPT, I am grateful for the opportunity the Fellowship is providing me and understand the importance of having such a programme in place.”
Lawrence Vousden, Head of Public Affairs LV= added:
“We were delighted to be able to host Chris Leslie as part of his IPT Fellowship and hope he found the visit useful to see how a modern mutual like LV= operates. It was obvious to see his interest within the Financial Services industry. I would like to thank the IPT as their work allows Parliamentarians to better understand the opportunities and challenges that organisations like LV= face.”
Notes to Editors
*IPT Fellowships are educational, non-lobbying attachments for parliamentarians, providing a unique perspective of the challenges and issues facing UK industry. Fellowships can take place in a range of organisations, from FTSE 100 companies to SMEs and voluntary organisations.