The financial services sector’s confidence in the UK’s economic prospects has slipped to its lowest level since 2012, according to a survey by the Chartered Institute for Securities & Investment (CISI).

The Chartered Institute for Securities & Investment (CISI) is to introduce a global Continuing Professional Development (CPD) requirement for all members - 50% of them overseas - and include a requirement for compulsory ethics study.

The Chartered Institute for Securities & Investments is to seek a more “level playing field” with the PFS’s rival Chartered Financial Planner qualification.

CISI chief executive Simon Culhane Chartered FCSI has warned that a lack of a central register to check who is an authorised adviser is damaging consumers and consumer confidence.