More than seven in 10 adults (38m people) say that in the last 12 months their household has saved money as a result of reduced spending due to Covid-19, with 4.4m of households saving over £10,000 each.

Embark has appointed LV= Financial Services senior independent director and risk chair David Barral as its new chairman.

LV= has paid out over £12m in Coronavirus-related claims to more than 1,400 life, critical illness and income protection insurance policyholders and families since the start of the pandemic.

Royal London has acquired fintech firm Wealth Wizards from Liverpool Victoria for an undisclosed sum.