An overhaul of IFA business models is in the pipeline, advisers have suggested, with the advent of new EU rules looming.

Nearly three quarters of IFAS believe there is a growing threat of people failing to have enough life insurance and critical illness cover because fewer intermediaries are selling it.

An IFA consultancy believes that half of the market will be restricted in three years.

Many candidates aiming to gain Certified Financial Planner status wrongly believe that a comprehensive cashflow is obligatory in the assessment, the CISI’s head of Financial Planning says.