Sir Steve Webb, a former pensions minister, believes there is a strong likelihood the Chancellor will have to cut pension tax reliefs in the November Budget or soon after to make up for revenue shortfalls.

The CISI says that membership of its Financial Planning Forum has risen 22% since the merger with the IFP from 2,100 to 2,700 – as the body prepares for its annual Financial Planning Conference next week.

The CISI has revealed that its head of Financial Planning, Campbell Edgar, is to retire soon.

Financial Planning Week 2017, the annual CISI campaign to promote the benefits of Financial Planning to consumers, has begun today.