Financial advisers need to take a closer look at the suitability of their investment approach for clients taking an income, according to platform Wealthtime.

Redress of between £500 and £3,000 for WASPI women, as recommended by the Ombudsman in its report today, would cost the DWP between £3.5bn and £10.5bn according to Hargreaves Lansdown.

The Parliamentary and Health Service Ombudsman has called on the Department for Work and Pensions to consider paying compensation to women born in the 1950s hit by the increase in the State Pension age.