A poll of Chartered Insurance Institute and Personal Finance Society members has revealed that the biggest barrier financial professionals face when trying to help consumers was being able to openly discuss vulnerability with them.

The Personal Finance Society has created a ‘wellbeing’ hub to help advisers suffering from the long term impact of the Coronavirus pandemic.

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.