Advisers have accused the Personal Finance Society (PFS) of creating a "two-tier membership" after it emerged some will be left out of the new version of the organisation's adviser database and will not have the same details displayed on their profiles as other PFS members.
Advisers holding a statement of professional standing (SPS) from bodies other than the Personal Finance Society (PFS) - such as the Institute of Financial Planning (IFP) - will not be automatically transferred to the body's new 'Your Money' site when it goes live later this month. They will also not have the 'valid to' date of their SPS displayed on their new profile, though they will be able to create profiles manually following the launch of the new site, PFS head of marketing Mark Hutchinson confirmed in an email seen by Professional Adviser. PFS chief executive Keith Richards said...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
