Former Interactive Investor chairman Gordon Wilson has been appointed the new chairman of adviser platform Nucleus to replace Mark Dearsley.

Online D2C platform interactive investor has launched what it calls an ‘ultra low cost’ SIPP with a flat fee of £12.99 a month.

Investment manager Abrdn has confirmed plans to buy the direct to consumer financial platform Interactive Investor for £1.49bn.

Abrdn and Interactive Investor have today both confirmed talks which could see Abrdn acquiring Interactive Investor (ii) for £1.5bn.

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.

Divorce was the second biggest cause of a derailment of retirement plans according to the Great British Retirement Survey, but financial advice is often not taken during divorce proceedings.

Investment platform Interactive Investor has scrapped or paused a number of SIPP fees for clients of its new acquistion The Share Centre.

Richard Stone, chief executive of The Share Centre, will leave the business on 18 September after 14 years at the firm to “pursue other interests and opportunities.”

Interactive investor (ii), the flat fee investment platform, has completed its takeover of rival The Share Centre, creating a group with 570,000 customers.