The Personal Finance Society warned today that it has evidence of financial advisers struggling to obtain professional indemnity insurance - and being unable to advise on defined benefit pension transfers - due to big increases in the Financial Ombudsman Service compensation limit.

More than 600 firms have signed up in the first six weeks to support the PFS’s new Pension Transfer Gold Standard designed to improve best practice in Defined Benefit transfers.

Award-winning business author Robert Craven – writer of the ‘Customer is King’ book – has been signed up to speak at the next Personal Finance Society’s PowerLive event aimed at Financial Planners and advisers.

Experienced editor and financial journalist Emma Ann Hughes has joined the Personal Finance Society as communications director and will take on responsibility for the CII group communication team.