Under-fire chief of insurer LV= ousted after takeover failure
In the aftermath of the deal's failure, Royal London - LV='s fellow financial mutual - made a second merger approach, but those discussions rapidly faltered.It was established in 1843, and was previously known as the Liverpool Victoria Friendly Society.
In June, it announced the appointment of Simon Moore, a former Barclays executive, as its new chairman. Anger towards the LV=chief was magnified in March when it emerged that he had accepted a bonus of more than £500,000 for last year, despite the calamitous handling of its future.
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