The Chartered Insurance Institute and Personal Finance Society are seeking Financial Planning firms to take part in a pilot of new 'T Level' qualifications in finance.

Nearly 300 Financial Planners have signed an open letter to the Personal Finance Society (PFS) board calling for a probe into an allegedly ‘missing’ £10m in funds campaigners claim is being held by the Chartered Insurance Institute, the PFS parent body.

The CII has awarded Corporate Chartered Status to six Financial Planning and insurance firms during the first two months of this year.

The Chartered Insurance Institute is revamping its troubled IT system this month, leaving some services out of action between 8 March and 19 March.