The Personal Finance Society has welcomed the extension of business support measures in Chancellor Rishi Sunak’s Budget today but says more needs to be done to rebuild the resilience of individual savers who have been hammered by the pandemic.

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.

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

The Personal Finance Society and parent body the Chartered Insurance Institute are asking Financial Planners and Paraplanners to help review apprenticeship standards.