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.

London-based Financial Planning firm Saunderson House is to cut about 25 jobs as the pandemic forces the firm to cut costs.

Fund manager Jupiter is set to make up to 90 staff redundant over the next six months as it looks to cut costs and restructure.

There will be redundancies at Merian Global Investors should the proposed acquisition by Jupiter get the go ahead from the regulator, a spokesperson has told Financial Planning Today.