In response to the Financial Conduct Authority and Bank of England announcing proposals for data reforms across the UK financial sector, the PFS has warned data alone will not prevent future consumer detriment.

The PFS has received 40 complaints about the conduct of claims management companies (CMCs) in less than a week.

More than 30 financial advice firms have turned their backs on offering pension transfer advice in the space of just three months, due to problems obtaining affordable professional indemnity (PI) cover, according to the PFS.

In late 2019, the PFS’s Forces MoneyPlan initiative was granted affiliate membership of the Confederation of Forces Charities (Cobseo).

Connect, the PFS’s e-mentoring programme, has attracted more than 1,000 mentors and mentees since its launch in the summer.

Brexit could boost FTSE 100 share prices, according to 42.4% of 170 financial advisers who took part in a PFS poll in January.

2020 marks 15 years since the launch of the PFS, prompting the professional body to reflect on past and future developments.