More than 30 financial advice firms have dropped pension transfer advice in three months due to problems in securing professional indemnity insurance, the Personal Finance Society says.

PFS chief executive Keith Richards has said feedback on the PFS 'Futureproof' Financial Planning Conference - held in Birmingham yesterday (Thurs 28 November) has been "absolutely fantastic" and he was delighted with the turnout as nearly 2,000 finance professionals took part.

DB pension transfers are heading for a mis-selling scandal which will attract strong attention from 'ambulance chaser' claims firms, a panel of leading Financial Planners and experts predicted at the PFS 'Futureproof' Annual Financial Planning Conference this week.

Technology and the pace of change was moving at an ever faster pace but Financial Planners and Wealth Managers who focus on the human touch would continue to be in demand for many years, one of the country's leading 'futurologists' Matthew Griffin told the PFS Annual Conference today.