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

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.

The Personal Finance Society is to step up its campaign for a second Financial Advice Market Review this year to tackle a potential worsening of the ‘advice gap.’

Half of financial advisers taking part in a PFS survey have expressed concern about about a potential new client shortage in 2021.