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...

To continue reading this article...

Join Professional Adviser

  • 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 Your profession

SJP's succession: Five priorities for the next chief executive

SJP's succession: Five priorities for the next chief executive

Advice giant has employed head hunters to search for a new leader

Justin Cash
clock 02 June 2023 • 3 min read
Wren Sterling expands Northern reach as it acquires Callisto Wealth

Wren Sterling expands Northern reach as it acquires Callisto Wealth

Strategic move to bolster Wren Sterling's position in the wealth management sector

Sahar Nazir
clock 02 June 2023 • 1 min read
FCA joint executive director of enforcement and market oversight Therese Chambers

FCA says it handed down £216m in penalties in 2022/23

FCA reveals it is investing in technology to improve investigations

Sahar Nazir
clock 01 June 2023 • 1 min read