Insurer Aviva is buying the UK protection arm of American International Group (AIG) for £460m.

Adviser support network SimplyBiz has partnered with Usay Compare to offer a private medical insurance (PMI) referral service to its members.

A quarter of working adults without income protection would like to have it, according to financial resilience research from protection specialist LV=.

The Financial Conduct Authority has expressed concern that mounting pressure on household budgets may force some customers to cut back on essential insurance, leaving them without protection.