The Personal Finance Society is investigating the use of the CII’s Chartered designations by some individuals on the Unbiased website after errors were uncovered.

The Chartered Body Alliance fears that new European rules requiring advisers to have qualifications could spark a “race to the bottom”.

Chartered Financial Planner Jason Butler has revealed he has taken a stake in a technology consultancy that specialises in helping firms to deliver virtual face to face advice.

More Chartered professional bodies would be welcomed to join a new alliance which includes two of the leading Financial Planning organisations.