Taking financial advice considerable boosts the confidence of UK retirement savers, according to a new report.

Global private equity firm Bain Capital, the owner of esure and other financial businesses, is to acquire the savings, retirement and protection business of mutual insurer LV= for £530m.

Over a third (36%) of the adult population of the UK’s finances are in a worse position than three months ago, according to a new report.

Protection and pension provider LV= said it expects to see a rise in income protection and critical illness claims in 2021 due to a backlog of cancer screenings.