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.

Over eight in ten financial advisers would recommend careers in their profession to a friend who has been made redundant due to the Coronavirus pandemic, according to a new poll.

The Personal Finance Society is to step up its campaign for a second Financial Advice Market Review this year to tackle a potential worsening of the ‘advice gap.’