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Catch up with the latest press releases from LV=

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LV= announces appointment of Steve Haynes as Chief Risk Officer

Press release: 06/09/2011

Mutual insurance, retirement and investment group LV= today announced the appointment of Steve Haynes as chief risk officer[i]. Steve will report into group CEO, Mike Rogers. Steve will have overall responsibility for ensuring risk is properly understood and translated into meaningful business requirements, objectives and metrics within LV=.

Steve has over 20 years insurance industry experience and joined LV= in 2008 as finance director for the life business. Prior to this he was finance director for GE Life. Steve qualified as a chartered accountant with Deloitte and spent over 10 years working in the insurance operations area of GE Capital.

Steve takes on the role of group chief risk officer at a time when the financial services industry is seeing significant regulatory change, in particular through the implementation of the Solvency II regime. With the management of risk becoming an ever bigger consideration Steve will play a key part in embedding a risk framework and culture that will support the continued growth of LV=.

Mike Rogers, said; "I am delighted that Steve has taken on the role of group chief risk officer. Steve has a wealth of experience in our sector and he will play an important role in helping me and the board as we move the business forward."

Steve Haynes, said: "The operation of an effective risk management framework should be at the core of a successful organisation and I am looking forward to the opportunity to enhance LV='s existing risk infrastructure to support the continued growth of the business."

LV= employs over 4,500 people and serves over four million customers with a range of financial products. We are the UK's largest friendly society and a leading financial mutual.

When we started in 1843 our goal was to give financial security to more than just a privileged few and for many decades we were most commonly associated with providing a method of saving to people of modest means. Today we follow a similar purpose, helping people to protect and provide for the things they love, although on a much larger scale and through a wide range of financial services including insurance, investment and retirement products.

We offer our services direct to consumers, as well as through IFAs and brokers, and through strategic partnerships with organisations such as ASDA, Nationwide Building Society and a range of trades unions.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF. www.LV.com.

[i] Subject to regulatory approval