A new 'elephant in the room' report has been published to draw attention to the little understood but growing problem of vulnerable but well off clients becoming victims of theft and fraud within families.

The Personal Finance Society has said some personal finance employers, including Financial Planners, need to do more to make sure their employees with caring responsibilities are aware of their flexible working options.

The Personal Finance Society says it has received up to 40 complaints in 1 week about CMC ‘phoenixing.’

Almost half (46%) of Financial Planners expect to work remotely at least two days a week after the Coronavirus pandemic.