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New database to help consumers find local financial advisers

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A new database of 'continuously vetted' financial advisers has been unveiled by the Personal Finance Society (PFS).

The database offers consumers access to a catalogue of 22,000 qualified financial advisers, with results tailored to their location.

Only advisers with valid annual Statements of Professional Standing (SPS) – which ensures advisers have fully up to date qualifications and continuous professional development (CPD) – qualify for listing, and site visitors can check adviser qualifications and SPS expiry dates at a glance.

All listed advisers are also members of the PFS, with a mandatory requirement that they are committed to the society’s ongoing CPD. They must also adhere to the PFS code of professional ethics.

As of November, consumers will be able to refine their searches to find dedicated retirement advisers and specialists in later-life advice, such as long-term care and estate planning.

PFS chief executive Keith Richards said: “By using this directory consumers can have the peace of mind of knowing all the advisers have reached, and continually practice, high professional standards, which are continuously monitored through the annually renewable SPS.”

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