PFS

The Personal Finance Society (PFS) and independent Lloyds broker, PYV, have today announced they will team up to help IFAs, mortgage intermediaries and general insurance brokers get better deals on professional indemnity insurance.

The financial services sector must drastically change its customer service approach, according to research by global data company TNS Finance.

The ifs School of Finance has called on the Qualifications and Curriculum Authority (QCA) to put financial education lessons in schools on the same level as established subjects like geography and history.

The Personal Finance Society is urging the Government to make school lessons in financial education mandatory.

The Personal Finance Society has launched a survey into the use of wraps in the retail investment market to aid its ongoing discussions with the Financial Services Authority on wrap platforms.

IFA firm Towry Law has announced it expects all 200 wealth advisers to have achieved the Chartered Insurance Institute's Diploma in Financial Planning as a minimum benchmark qualification by the end of 2008.

John Ellis, head of public affairs at the Personal Finance Society, is leaving the organisation after a transitional period and will be replaced by Barclays' David Thomson.

The Personal Finance Society has written to its members urging them to get involved in its project with the Citizens' Advice Bureau to provide generic financial advice on a volunteer basis.

Customers are frequently sold inappropriate protection because adviser views are formed by product marketers and ease of sale, rather than fact find and suitability for client, according to the Income Protection Taskforce.

Carole Nicholls has taken over from Brian Steeples as the new president of the Personal Finance Society.