Longevity and a decade of historically low interest rates have created “a dangerous cocktail” for the over-50s generation, according to new joint research by the London Institute of Banking & Finance and Seven Investment Management.

Seven Investment Management is to buy Edinburgh-based investment and Financial Planning firm Tcam Asset Management for an undisclosed sum.

Seven Investment Management (7IM) has become a pension provider this week by launching its own Self Invested Personal Pension (SIPP) with no annual fee on accounts above £75,000.

Platform provider 7IM has received regulatory approval from the Jersey Financial Services Commission, to open an office on the Channel Island.