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Those aged 55-64 are at risk of exhausting their retirement savings early and are not adequately planning for their retirement, according to new research.

The Financial Ombudsman Scheme is planning to cut 150 jobs, including management positions, due mainly to a rapid decline in PPI work follow the ending of PPI claims to the Ombudsman.

Flat fee investment platform Interactive Investor (ii) is to acquire acquire the direct-to-consumer retail customer book of rival EQi for up to £48.5m.

Private equity-owned platform James Hay has sold its closed book of SSAS schemes to Westbridge SSAS.

Financial Planning firm Truinvest - set up by two ex-Mattioli Woods colleagues - has acquired two adviser firms to add to the two it acquired last year.

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