The Initiative for Financial Wellbeing (IFW) has been awarded Institute status by the Secretary of State for Business Kwasi Kwarteng MP.

The not-for-profit Initiative for Financial Wellbeing (IFW) - set up by Financial Planning entrepreneur Chris Budd - has signed up Aegon as its first ‘founder partner’ member.

A new ‘Institute’ for Financial Wellbeing has garnered hundreds of responses from individuals and Financial Planners who offered to help establish the initiative.