Personal Finance Professional WINTER 2021

Matthew Connell examines the effect of the recent Budget on the advice market and wider economy

The PFS has partnered with ITN Productions Industry News to produce a news-style programme, titled Building Financial Resilience, which explores the importance of financial planning in a pandemic-informed world.

London-based First Wealth has been named the PFS’s Chartered Financial Planning Firm of the Year at the Personal Finance Awards 2021 with Carla Brown, founder and managing director of Oakmere Wealth Management, named Chartered Financial Planner of the Year.

Carlos Thibaut, formerly CEO of 360Dotnet, is to become the new chair of the Society of Mortgage Professionals (SMP) from the end of the year.

The winners of the Personal Finance Society Media Awards 2021 were announced during a virtual ceremony in November.

The PFS and Society of Mortgage Professionals are calling on mortgage advisers to sign up to Forces Moneyplan and assist the growing number of Armed Forces personnel wanting home financing guidance.

The PFS took part in Talk Money Week, an annual awareness campaign coordinated by the Money and Pensions Service, by encouraging members to start a conversation with family and friends about later-life and care funding.

As World Financial Planning Day was held in October, teachers called for more PFS members to go back to school.

Almost a quarter of financial planners have revealed the main aim of their diversity and inclusion programmes is to prevent discrimination, a survey of PFS members has revealed.

NextWealth and the PFS’s latest Financial Advice Business Benchmarks (FABB) report shows the profession is all about growth in 2021, with optimism for a strong bounceback after the challenges of 2020.