Rewards and Benefits

A little bit better every day

Rewards and Benefits

In our Life and Pensions business, you’ll go above and beyond to do the right thing for our customers every day as you make an impact on our vision as we build a modern mutual. So it’s only right that we reward you with an attractive, competitive salary and benefits package. You know, the kind of package you’d expect from a leading Life and Pensions business. After all, we wouldn’t be the successful, future-focused sort of business we are today without our incredible people.

Core Benefits

  • Pension plan: A contributory pension plan in the top 25% for schemes of its type. LV= will pay twice the amount you pay into your account - up to 14%. More details.   
  • Annual bonus scheme: Bonus based on company and personal performance.
  • Annual holiday: Band A - 24 days paid leave annually, increasing with service up to 28 days. Band B - 26 days paid leave annually, increasing with service up to 28 days. Bands C, D & E - 30 days.
  • Group income protection: Eligibility for cover is available to LV= people with over five years’ service who are members of the My LV= pension plan.
  • Car allowance: Depending on your role you may be offered a car allowance.
  • Private medical insurance: Band C - Single cover, Band D & E - full family cover. 
  • Group life assurance: If you are a member of the Pension Plan you will receive cover for 4 x your basic pay to your dependants if you die whilst employed by LV=. You’ll have the option to increase your cover up to 8 x basic salary. Cover is reduced to 1 x basic salary if you opt out of the Pension Plan.
  • Health assessment: Company funded health assessment every two years (Bands B, D and E).
  • Shared parental leave: Every LV= employee benefits from our highly supportive approach to the additional responsibilities of parenting. For more information click here.
  • LV= doctors service: For 2021, use the LV= Doctors Service mobile app to take the hassle out of arranging GP appointments.

Flexible Benefits

  • Annual holiday buy & sell: Tailor your time off to suit your lifestyle.
  • Private medical insurance: Cover yourself and family for medical treatment. 
  • Dental insurance: Claim back the cost of dental treatment with the option to add cover for your family. Different levels of cover can be selected.
  • Critical illness insurance: Cover if you are diagnosed with one of a number of serious illnesses. We also offer the option to take out cover for your partner.
  • Personal accident insurance: Cover for a serious accident that leaves you with a permanent injury.
  • Health assessment: Select a health assessment for you and/or your partner. 
  • Cycle to Work: You benefit from tax and National Insurance savings when selecting a new bike, which you use to travel to work.
  • Charity contributions: Make a difference by donating some of your salary to one of over 160,000 registered charities.

Additional Benefits

  • Loyalty awards: Rewards to those who have spent 5, 10, 25 and 40 years with LV=.
  • Employee Assistance Programme (EAP): 24-hour confidential legal, financial and wellbeing advice service. 
  • MyDiscounts: Through MyChoice you have access to thousands of great product and service discounts under the MyDiscounts section.
  • My Recognition: My Recognition can be accessed from the office or mobile app and you can celebrate successes through social or points-based recognition supporting our LV= values; Trusted, Inclusive, Curious and Courageous.
  • Charity support: Charity matching, time off to volunteer and our ‘Pennies for charity’ initiatives all support you in giving back to the community.
  • Season ticket loan: Helping you with the cost of your travel to work or parking.

Job Search

Please use the link to search all our current openings, but if you can’t find what you’re looking for please contact the LV= Resourcing Team on 0800 066 5331 or lv.recruitment@lv.com

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