PFS/CII turbulence: 'There might be a role for a class action lawsuit'

Alasdair Walker talks to PA about the PFS’ ‘slow death’

Isabel Baxter
clock • 7 min read

There are talks of a potential class action lawsuit from Personal Finance Society (PFS) members against the Chartered Insurance Institute (CII), PFS member and adviser Alasdair Walker tells Professional Adviser.

Optimum Path Financial Planning managing director and Chartered financial planner Walker has been a Fellow at the PFS since 2017 and has been openly critical since CII member-directors took over the PFS board in late 2022. In its most recent departures from the PFS board, independent chair Christine Elliott, who had returned to the organisation after independent chair Piers White's departure last September after a less than four months-long stint, stepped away in April months after describing PFS/CII tensions as "professionally embarrassing".  PFS chair and president Carla Brown then too...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Companies

Aegon's adviser platform sees improved net outflows of £1.4bn

Aegon's adviser platform sees improved net outflows of £1.4bn

Provider aims to return adviser platform to growth by 2028

Isabel Baxter
clock 21 August 2025 • 3 min read
Benchmark pushes cash solutions for advisers with Insignis partnership

Benchmark pushes cash solutions for advisers with Insignis partnership

Insignis is a London-based cash management platform

Isabel Baxter
clock 21 August 2025 • 2 min read
Hoxton Wealth launches financial planner career programme

Hoxton Wealth launches financial planner career programme

Three-year programme for aspiring planners

Isabel Baxter
clock 20 August 2025 • 3 min read