LV  

LV invests millions in robo-advice

The company has achieved a reduction in gross expenses by £12m to £200m in the first six months.

According to Mr Rowney, “savings have largely been achieved through strong day-to-day cost management discipline and an ongoing review of discretionary spend”.

Article continues after advert

He said: “Management continues to focus on underlying trading cost control.”

maria.espadinha@ft.com