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10.12 - 19:53
LV= members should know what executives could earn under Bain
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Business secretary Kwasi Kwarteng has rightly called for the owners of LV= to be told the fees that the mutual insurer will pay to advisers on its controversial proposed £530m sale to private equity firm Bain Capital.
One of the advisers, FTI, has a potential conflict of interest according to critics of the deal, who also highlight the role of Fenchurch Advisory Partners, an investment bank headed by Malik Karim, co-treasurer of the Conservative party.
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