DORSET employer LV= has confirmed it is in talks with a “number of parties” after reports the business could be sold.

Reports over the weekend suggested the insurance, savings and retirement firm was in discussions about a sale or merger.

Sky News said insurance and pensions giant Royal London was in detailed negotiations with LV=.

The general insurance arm of LV=, which insures homes, cars and pets, was sold to Allianz last year so would not be affected by any sale.

In a statement to the Stock Exchange this morning, County Gates-based LV= said: “The Board of Liverpool Victoria Financial Services Limited ('LV=') notes the recent press speculation and confirms that as part of a previously announced Strategic Review it has been and remains in discussions with a number of parties regarding a potential transaction.

“Discussions are on-going and there can be no certainty that the discussions will result in any transaction being agreed or with whom.

“LV= continues to trade well having adapted effectively to the impact of COVID-19 with a strong capital coverage ratio in excess of 200 per cent.

“A further announcement will be made if and when appropriate.”