PFS board considers CII deregistration proposals but votes against it

Professional Adviser can reveal the idea to deregister was properly considered by the PFS board, but it was very clear that members were against it, and so the board chose to vote it down. The vote was held last week (17 June) at the board's meeting, but there were several meetings held to discuss the plan prior to making the decision. In April, the plan to deregister the PFS came to light and, since then, many members have spoken up against the idea from the CII. PA understands that the board felt it was better to retain independence within the CII, rather than deregister and lose so...