CII 'has clearly spent weeks planning moves against the PFS'

PFS member director speaks out against moves by the CII on its board

Hope William-Smith
clock • 2 min read

One of the Personal Finance Society’s (PFS) member directors has said it is clear the Chartered Insurance Institute (CII) “has spent weeks planning moves” against it.

The comments from Hannay Wealth Chartered financial planner Vanessa Barnes come after uproar in the industry this week after the CII appointed three institute directors to sit on the PFS board alongside the current two CII directors. This together would see the CII make up the entire board and follows a dispute that has been ongoing for months following initial moves by the institute to deregister the PFS. The PFS called an emergency board meeting over the situation, which was delayed yesterday (22 December), while the CII defended its position citing "governance failures" at the soci...

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