PFS emergency board meeting delayed as CII defends 'takeover' move

PA hears of 'urgent priority' to rearrange as advisers take action

clock • 7 min read

The Personal Finance Society (PFS) has been forced to delay its emergency board meeting as not enough directors from the Chartered Insurance Institute (CII) took part today (22 December).

Meanwhile, the CII has defended its position to appoint a majority of directors following uproar from across the industry at the move that has been labelled as a "coup d'etat" days before Christmas.  The PFS had scheduled an emergency board meeting for today (22 December) to discuss the move by the CII to appoint three institute directors to sit alongside the current two CII directors, which together would make up the entire board. This move followed a dispute that has been simmering for many months following initial moves to deregister the PFS by the CII. However, in a press state...

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