Date Time
Department for Work and Pensions appoints two new Non-Executive Board Members 25 February
They have been appointed for three years and will provide independent advice, support and scrutiny on the department’s work.
The new board members will work with civil servants and ministers across all areas of the department, helping on the government’s priorities including the response to COVID-19, reactivating the labour market and delivering a modern, fair and affordable welfare system.
They join the existing Non-Executive Board Members, Nick Markham (Lead), David Holt, Ashley Machin and Eleanor Shawcross.
Valerie Hughes D’Aeth
Valerie was Chief HR Officer of the BBC and a member of the BBC’s Executive Committee from 2014 until the end of 2019.
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THE big Dorset employer LV= is set to be sold for £530million to an American private equity firm co-founded by former presidential candidate Mitt Romney. LV= says the sale of its savings, retirement and protection business to Bain Capital next year will mean “unrivalled” commitment to the company and its people. The chairman of the Personal Finance Society locally said he hoped the new owners would back an “amazing local business”. LV= had already sold its general insurance arm to Allianz, with the two businesses coexisting at its County Gates headquarters. Alan Cook, chairman of LV=, said: “As a newly standalone life and pensions business in an increasingly competitive market, the board recognised that LV= required significant long-term investment to be sustainable.
LV=, the old Liverpool Victoria Friendly Society, will shortly no longer be owned by its members.
The life insurance company this morning announced it was giving up its mutual status and is selling its savings & retirement and protection businesses to Bain Capital, the private equity firm, for £530m.
The deal follows the sale, for a total of £1.1bn, of LV= s general insurance business to Allianz of Germany last year. Image: LV= is a former sponsor of cricket s County Championship
And - assuming members vote in favour - it will bring to an end 177 years during which the business has been owned by its membership.