Financial services mutual LV= has appointed Clive Bolton as managing director, life & pensions with immediate effect.

LV=, the mutual financial provider, has promoted Richard Rowney, managing director of its life and pensions business, to be its new chief executive.

A survey of 2003 adults carried out by Opinium for LV= in October found that a third (32%) of retirees experienced worsening general health in the first five years of retirement.

Over a million people have become financially responsible for both younger and older family members according to a study.