New rules have been proposed this morning to increase disclosure of the transaction costs incurred by pension investments.

The CISI’s chief executive says he would not rule out the organisation changing its name in future to reflect Financial Planning’s importance following the IFP merger.

Aviva has been hit with an £8m fine by the FCA this morning.

Transact has revealed it is teaming up with Prestwood to integrate its Truth cashflow modelling tools.

The CISI last night announced the winners of its annual Financial Planning Awards at its Gala Dinner at the CISI Financial Planning Conference, with Acumen Financial Planning taking the trophy for Accredited Financial Planning Firm of the Year.

The CISI’s chief executive beckoned the IFP members who left after the merger – nearly one in five – back into the fold this afternoon.

Financial Planners have been warned they could fall victim to various legal traps and pitfalls surrounding data protection if they start their own robo-adviser.

The crowdfunding or Innovative Finance Isa will become a major new market and appeal to investors hunting for yield, investment fund manager Nicola Horlick has predicted.

Giving a keynote speech to delegates at the CISI Financial Planning Conference today, the CEO of Money&Co and CIO of Glentham Capital, said the ability of peer-to-peer or crowdfunding Isas to create an income stream could be particularly attractive to investors searching for yield.

Ms Horlick was speaking on crowdfunding opportunities for Financial Planners and their clients. She said the crowdfunding market had grown rapidly in recent years and was now worth £2bn in the UK. She predicted allowing the crowdfunding Isa would fuel growth and effectively open a new asset class.

There were risk with bad debts, she admitted, but said with potential tax free yields of 8% for investors, the crowdfunding Isa could open up a new opportunity and could help investors looking for a steady income stream. They may also be tradeable on platforms too, she said.

She said her firm concentrated more on peer-to-business lending rather than peer-to-peer lending.

Answering a question about risk for clients, she said: "It's not like buying stocks and shares, this is more of an alternative investment and you don't have the liquidity. The ISA thing brings it more into the mainstream and puts a different complexion on it. I think there will be a lot of activity in this market."

She added: "It's a bit more complicated and requires a bit more of an explanation. In terms of the overall risk I don't think it's very high as we're taking security (on the loans.)"

For planners considering these investments or loans for clients she added: "It is essential that the due diligence is done in the right way."

See live updates from the conference throughout the day on FP Today.

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The Personal Finance Society has called for Pension Wise guidance sessions to be made compulsory for consumers planning to sell their annuities.

Financial Planning firms gained three or four new ‘million pound clients’ as a result of Financial Planning Week this year, it was revealed this morning.