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Soaring PI cost fuels planner exit from DB transfers

Financial Planners are being driven from the defined benefit pension transfer market due to an inability to secure affordable professional indemnity insurance, according to the Personal Finance Society.

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350 advisers sign up to client vulnerability charter 

More than 350 financial advisers have pledged to adopt the Financial Vulnerability Taskforce Charter in its first two weeks since launch.

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6 in 10 advisers suffer poor mental health

Six out of ten financial advisers have suffered depression, anxiety, emotional distress or another mental health condition during the Coronavirus pandemic.

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PFS backs Financial Vulnerability Taskforce

The Personal Finance Society has been a key mover behind the launch of an independent Financial Vulnerability Taskforce aimed at supporting planners and advisers to spot and tackle consumer vulnerability.

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