Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to exercise their statutory powers to examine the takeover of Liverpool Victoria insurance company.

The assessment and approval of the proposed sale and demutualisation of LV= (previously Liverpool Victoria) is an ongoing and independent process, overseen and scrutinised by the financial services regulators, and subject to approval by the Courts. It would be inappropriate for the Government to intervene in this independent process.

The regulators’ supervision of the sale includes an assessment of the fairness of the transaction, the impact on policyholders and competition in the interests of consumers, and the quality of communications with members of LV=.

The Court processes involve a number of safeguards which are designed to ensure that policyholders are kept informed and their interests protected.